Propster in a €3 million funding round backed by aws Gründerfonds, Axeleo, Pi Labs and Realty Corporation.
Propster, a Vienna, Austria-based software developer for the real estate and construction industries, announced completing a €3 million ($3.7M) capital funding round.
The money was raised from a range of investors from the UK, France, Germany and Austria, including aws Gründerfonds, which led, Axeleo, Pi Labs and Realty Corporation. Existing shareholders Allinvest Unternehmensbeteiligung and Ertler Holding were also part of the round.
Propster, founded in 2017 as Sonderwunsch Meister by CEO Milan Zahradnik, developed a software platform that combines communications, document sharing, a 3D configurator, and a digital specification tool for fixtures and furnishings in the construction industry, as it uses a combination of machine learning and e-commerce through demographic data, project specifications and customer information. As a result, the optimal configuration and customisation of fixtures and even furnishings can be determined early in the process, affording the developer more secure planning and access to potential new revenue streams.
The cloud-based software allows property developers, project developers and general contractors to significantly reduce friction and delay throughout the entire project cycle, removing the need for up to 75% of face-to-face customer interactions by shifting the conversation and decision-making to a smart digital platform.
The company says that its solution is is now actively supporting over 90 residential and commercial developers across its established market base of Germany, Austria, Switzerland and Slovenia.