Evana in a strategic investment deal backed by Patrizia Immobilien and othe investors from Germany.

Evana AG, a Frankfurt am Main, and Saarbrücken, Germany-based proptech company specializing in data exchange using artificial intelligence, announced that it closed a funding round in what it calls a an A-series round.

The money was raised from the real estate company from Germany Patrizia Immobilien AG, joined by other local investors whose name was not disclosed.

The proceeds will be used for expansion of the team to further product development (strengthening its involvement in research into artificial intelligence) and for expansion within Europe.

Evana, founded in 2015 by CEO Peter Moog and Sascha Donner, built an intelligent platform which gives companies operating in the real estate industry a comprehensive digital image of their business activities. It uses self-learning algorithms to extract all relevant data from documents, processes and external sources and to structure and analyze this data intelligently with a very high level of detail. In addition to individual properties, entire portfolios and companies can also be represented. The platform is compatible with all existing business software and can be used on a modular basis as required.