Pigello announced raising SEK 4 million from PropTech Farm.

Pigello, a Stockholm, Sweden-based startup building software for the real estate industry, announced the completion of a SEK 4 million ($480k) capital funding round.

The money was raised from local investors from Sweden PropTech Farm, led by Fredrik Bergman, which will support the company ahead of a future global expansion.

Pigello, founded in 2019 as Atlas Fastighet by CEO Alexander Olsson, developed a platform that automates the management of real estate through integrations and AI. Now, the company want to challenge traditional players in the real estate systems market.

The purpose of the platform is to let real estate companies own their data and work process-oriented with the help of a platform that provides automated processes for both financial, technical and administrative management. With a focus on open APIs, the platform already offers over 15 integrations with real estate niche systems.