hallo theo, a Berlin-based digital property management company, announced the raising of a €10 million seed investment by global software investor Insight Partners. The new funding solidifies hallo theo as a market leader in digital property management in Germany, with the funds be used to expand its national footprint and progress its proprietary technology development.
Germany’s property management sector is dealing with significant inefficiencies such as outdated technology, 20th-century processes, and a lack of innovation, leading to industry stagnation and frustration amongst property owners and tenants. hallo theo tackles these challenges by reimagining the work of a property manager with a clear technology-first approach. With automation and AI applications, hallo theo is helping transform property management with improved data quality, reaction times, and service offerings.
KEY QUOTES:
“There are more than €29 trillion worth of apartments in Germany, yet the average experience of an owner or tenant is underwhelming. Solving a problem of that scale drives our team to excellence every day. Today’s technology will enable us to transform the way real estate is managed and dramatically improve the lives of millions of people. With Insight Partners, we have found a partner that not only understands our market deeply, but also matches our ambition to transform the largest asset class in the world for good.”
- Jona Schaeffer, Founder & CEO of hallo theo
“We were impressed by what Jona and the hallo theo team have accomplished over a short period of time, and their commitment to a larger vision. With their application of technology and AI to a large market in desperate need of innovation, hallo theo is poised to solve a problem that impacts the lives of millions, if not billions, of people in the world.”
- Richard Matus, Principal at Insight Partners
