Berner Kantonalbank joins Swiss Immo Lab
The Berner Kantonalbank will acquire a stake in Swiss Immo Lab AG. The investment company founded by Avobis, Hypothekarbank Lenzburg and Gebäudeversicherung Bern at the end of 2019 invests in young proptech companies. The four partners will each hold a quarter of the shares.
The Zurich-based investment company Swiss Immo Lab AG is to invest in proptech or fintech start-ups that contribute to the digitization of the construction and real estate industry. The investment company was founded at the end of 2019 by real estate service provider Avobis , Hypothekarbank Lenzburg and Gebäudeversicherung Bern . The Berner Kantonalbank ( BEKB ) is now joining Swiss Immo Lab as the fourth partner, the BEKB informs in a message .
The partners want to hold the Swiss Immo Lab AG in equal shares, is further explained in the announcement. The four companies invested a total of 8 million francs in the investment company. Within two years, they are to be invested in start-ups that are active in the markets for digital marketplaces, real estate management, construction, building materials, analysis software and intelligent cities, writes the BEKB.
"With this platform we want to accelerate innovation in construction and real estate", Armin Brun, CEO of BEKB, is quoted in the press release. This year, Swiss Immo Lab has already participated in the developer of software for real estate analysis, Archilyse, and the Lausanne-based manufacturer of solar modules, Insolight.