Since its inception in 2016, emonitor AG has been digitalising and simplifies the entire leasing process for real estate market. By enabling digitalised online applications, the company has grown to become a market leader in Switzerland with several established partners, such as providers of ERP systems, real estate portals, credit-check solutions and management systems. Emonitor employs 25 people in Zurich, St. Gallen and Mostar. The founders remain majority shareholders.
In its second round of financing, the St.Gallen based startup has raised over 5 million Swiss francs. In addition to the St. Galler Kantonalbank AG, the Graubündner Kantonalbank and the Luzerner Kantonalbank AG, new investors, such as W&W Immo Informatik AG, have participated. The existing investor Alpana Ventures from Geneva increased their stake in the second round.
With the participation of the cantonal banks, the company will use the funds to develop new functions in the area of “living” and “real estate” through which the banks will get access to the broadly supported interface landscape of emonitor AG.
In line with the investment, emonitor is strengthening its partnership with newhome.ch, a platform developed as a joint product of the cantonal banks and the real estate industry. With emonitor’s expertise, newhome.ch aims to simplify life for visitors and interested parties of the real estate platform and offer an end-to-end digital experience. This extended collaboration will foresee the development of new functions to simplify processes.
“This round of financing is a further milestone on the way to expanding the “Home” ecosystem for everything that has to do with living and real estate. We are looking forward to expanding into new markets and helping developers plan more affordable and sustainable real estate projects. We are very much looking forward to working with the cantonal banks, which stand for reliability, trust and enjoy a high reputation in the real estate market”, said Daniel Baur, co-founder & CEO of emonitor AG.
(Press release/RAN)
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