reINVENT closes Series A financing

The construction and real estate software company reINVENT has closed a Series A financing round in the seven-digit range. Lead investor is ALSTIN Capital. Also involved are the existing investors High-Tech Gründerfonds (HTGF), Bayern Kapital, Foundamental and Astutia Ventures. The Munich-based PropTech start-up reINVENT develops software that digitizes the entire information and communication process between project participants and purchasers or tenants in construction and real estate projects, from planning and construction to handing over the keys. Project participants find all information in one place on their individual cockpit and in project rooms. Participants, buyers and tenants communicate directly via the platform. The organization, tracking and administration of to-do’s is done via a ticket system with tasks and workflows. In this way, construction projects can be completed faster, and administrative costs are drastically reduced. Astutia Ventures has been invested in reINVENT since 2018.