PropTech start-up is driving the digitalisation of property management
Venture Kick, a start-up accelerator based in Schlieren, is providing CHF 150,000 in funding to the Zurich-based proptech firm Bewy. The funds will be used to further develop an AI-based property management service and to scale the start-up’s operations across Switzerland.
According to a press release, Bewy has received 150,000 Swiss francs in funding from Venture Kick. The Zurich-based proptech start-up is developing an artificial intelligence (AI)-powered software solution for property management that streamlines processes and offers a better service to both landlords and tenants.
The background to this is widespread inefficiency in property management across the DACH region, as stated in the press release. Poor communication, neglected maintenance, unexpected costs and inadequate tenant services frequently lead to dissatisfaction among owners and tenants. Bewy addresses this through automated internal processes, improved communication and real-time transparency. This is expected to reduce management costs by up to 30 per cent and significantly improve the user experience. The fresh funding is intended to drive the further development of the platform and its scaling within Switzerland. In its expansion, Bewy is pursuing an M&A (Merger & Acquisition) strategy aimed at acquiring small and medium-sized property management firms without a succession plan.
“As Switzerland’s leading start-up programme, Venture Kick is a significant accelerator for Bewy. The funding process is streamlined and efficient, yet simultaneously opens up access to a valuable network and boosts credibility,” co-founder Luca Serratore is quoted as saying in the press release.
Bowy currently operates in Zug, Zurich, Aargau and Lucerne and serves a double-digit number of clients, including private individuals, single-family offices and property companies such as Swiss Prime Site. The founding team comprising Luca Serratore, Marcandrea Hunkeler, Gilles Baumann and Katrin Leuppi brings together experience from the fields of start-ups, consultancy and the property sector. The start-up accelerator Venture Kick is an initiative of the Kick Foundation for Innovation & Entrepreneurship and is supported by a private-sector consortium.