October 4, 2023

Predium raises €4.5m for its ESG management platform to decarbonize buildings

Munich, September 4th, 2023 - Predium, a leading provider of ESG management solutions for the real estate and finance industries, has successfully closed its 4.5 million euro seed funding round. The round is led by UVC Partners. Existing investors such as b2venture are expanding their investment. Other investors include Mutschler Ventures as well as business angels Joachim Drees (Drees & Sommer, MAN), Alexander Schwörer (PERI), Heike Gündling (Bilfinger, 21st Real Estate) and Maximilian Viessmann (Viessmann Group). The founders of Presize, who recently sold their start-up to Meta (Facebook), also participated in the round.

The real estate industry is facing increasing regulatory pressure

The real estate market is currently experiencing turbulent times. With its Disclosure Regulation, the European Union obliges real estate owners to report on their ESG practices and risks. Non-ESG-compliant buildings are penalized with a reduction in value.  According to EY, around 90 percent of decision-makers in the real estate industry expect price reductions for buildings that do not comply with energy guidelines. This leaves real estate owners with the choice between selling at a discount or undertaking modernization efforts to preserve their building value. In times of rising interest rates and high construction costs, this seems an unsolvable task. The current BGH ruling, which obliges property sellers to disclose pending renovation measures, amplifies the pressure.

"ESG is a risk factor for building value. Very often, there is no up-to-date CO2 record available for the buildings. At the same time, the question arises as to which renovation actions should be carried out and when. The answer to this still consists of an expensive, static and cumbersome mixture of Excel and consultancy projects. We are changing that with Predium," says Jens Thumm, Co-Founder and Managing Director of Predium.

Predium’s Action Engine helps to maintain property value

Predium has developed a platform for decarbonizing buildings. The company enables existing real estate owners, including banks, insurance companies, investors, and housing companies to identify ESG risks and prioritize renovation actions based on costs, savings potential and subsidies using the Predium Action Engine. Progress can be communicated through automated reporting. In this way, Predium helps real estate owners decide which building to buy, renovate or sell and when.

"Predium is used by customers throughout the entire real estate life cycle: In the acqusition and divestment of buildings, in renovation action plans and decisions, in reporting and in securing beneficial financing conditions. This is what convinced us as investors," says Alexander Kiltz, Principal at UVC Partners.

Renowned companies in the real estate industry rely on Predium

Just two years after founding Predium, the founding team around Jens Thumm, Mohamed Ali Razouane and Maximilian Körner successfully established their product on the market. Companies such as the Deutsche Investment Group, as well as the B&L Group, Tattersall Lorenz, Valon Group and Pamera Real Estate Partners are part of the customer portfolio.

Nanette Hoppe, Director of Sustainability and Project Management at Deutsche Investment Group: "Predium makes it easy for us to track the ESG performance of our buildings. The platform allows us to effectively allocate our financial resources as part of our Manage-to-Green strategy, helping us to both preserve and enhance the value of our buildings. Together with Predium, we create sustainable and profitable buildings that do not lose their value and do not harm our climate."

The provided capital will be used for further market development and the technological expansion of Predium into Europe’s leading ESG management platform for decarbonizing buildings.

About Predium:

The Munich-based PropTech Predium was founded in 2021 by Jens Thumm, Mohamed Ali Razouane and Maximilian Körner. The three founders developed the intelligent operating system for decarbonizing real estate. Predium enables a simple and fast overview of the ESG performance of buildings as well as action plans for CO2 reduction including investment calculations. In addition, Predium offers automated reporting according to established industry standards such as GRESB and Ecore as well as customer-specific templates. Predium thus offers a holistic solution for sustainable and profitable real estate management.

Learn more at: https://en.predium.de/ 

About UVC Partners: 

UVC Partners is a leading Munich- and Berlin-based early-stage venture capital firm that invests in European B2B tech start-ups from pre-seed to series A. With about € 400 million assets under management, UVC Partners typically invests between € 500,000 and € 10 million initially and up to € 30 million per company. The portfolio includes category leaders in deep tech, climate tech, hard- and software, and mobility with various technologies and business models. As an independent partner of UnternehmerTUM, Europe's most extensive innovation and startup center, UVC Partners has access to proprietary deal flow, an industrial network of more than 1,000 corporates, and access to talent from the leading European technical university. The investments include Flix, Vimcar, planqc, Tanso, Isar Aerospace, TWAICE, DeepDrive, STABL, and many more. They all benefit from the team's extensive investment and exit experience, their ability to build sustainable category leaders with a competitive advantage, and their passion for growing the game changers of tomorrow. 

Learn more at www.uvcpartners.com

About b2venture: 

Founded in 2000, b2venture is one of the most experienced venture capital firms in Europe. The group makes early-stage investments through its dedicated funds and stage-agnostic investments through its direct investment track. b2venture is supported by a strong community of angel investors, fostering the firm’s passion for backing the unique entrepreneurs, maverick ideas, and outlier companies that will define tomorrow. The firm began its journey in St. Gallen, Switzerland and now has additional offices in Berlin, Zurich, Munich, and Luxembourg. b2venture deploys over EUR 100 million per year across Europe, leveraging the power of its multi-generational investor community. b2venture has proudly backed companies such as 1KOMMA5°, DeepL, Facebook, Raisin, Foodspring, ORCAM, SumUp, Volocopter, and XING.

Learn more at: www.b2venture.vc

About Mutschler Ventures:

Mutschler Ventures was founded in 2007 with an initial focus on digital business models and platforms. They now invest in a broad range of technology topics in B2B SaaS, e-health, mobility, climate tech and fintech. The investment focus is on early stage to Series A. Mutschler Ventures AG, part of a single family office, sees itself as an active investor. It supports its portfolio companies in a wide range of strategic or conceptual issues. With Auto1, Adyen or Flink, Mutschler Ventures can already count a number of unicorns to its portfolio and brings this experience into its investments.

Learn more at: www.mutschler-ventures.com

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