Announced
Completed
Financials
Tags
Friendly
Venture Capital
Acquisition
Private
real estate
Private Equity
Completed
Real Estate Services
Single Bidder
Germany
Cross Border
Minority
Synopsis
Insight Partners, a New-York based global venture capital and private equity firm, led a $40m Series B roundin Alasco, a cloud-based financial management platform for real estate projects, with participation from LGT Lightrock. “By the end of 2022, we plan on doubling our headcount from 100 to around 220 employees. At the same time, we plan to expand our business into new markets. Growing our presence internationally is the next logical step for us, although customers around the world already use our solution. Real estate is a global industry, and it urgently needs digital solutions. We want to make our contribution here and show how the industry can make real progress – starting with a focus on the UK market in 2022. That is why we are pleased to have Insight Partners at our side as an experienced global partner,” Sebastian Schuon, Alasco Founder and CEO.
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