The renovation specialist Doozer was able to successfully complete the next funding round in autumn 2020. With BitStone and FMC, Berlin-based Proptech has gained two strong new investors.
Berlin, December 16, 2020. Doozer Real Estate Systems GmbH, founded in May 2014, successfully concluded this year’s financing round. With two strong investors, BitStone and FMC, Doozer gained new partners who will support the Berlin proptech in its further growth phase.
“We are very pleased that we have gained two new investors with BitStone and FMC. They will accompany us on the way to the established digital service standard”, says Carsten Petzold, Managing Director at Doozer. “We and our great team have big plans to further perfect the digital contracting of renovation orders, the management of subcontractors and the efficient construction from A to Z. We have the perfect partners on board for this.”
BitStone Capital is an internationally operating venture capital investor and company builder that focuses on developing innovative digital construction and real estate business models. In addition to financing, BitStone Capital catalyses the growth of its PropTech and ConstructionTech associated companies with its extensive network, unique industry know-how and specific expertise in new technologies.
“We firmly believe in Doozer’s leading-edge business model,” says Kai Panitzki, Managing Partner of BitStone. “The digitization of the trades and the renovation and modernization processes offers great potential. Our investment and our network will help this young company to scale faster.”
FMC Beteiligungs KG is also new to the Funding Board. The construction expert remains true to its motto “We only invest in sustainable success” when it comes to their support for Doozer. “We only invest in companies with a strong product and a clear strategy,” says Sven Gless, Managing Partner of FMC. “Our commitment is based on foresight to generate long-term growth. Doozer therefore fits very well into our investment strategy.”
Overall, the Doozer team managed to win a high seven-figure sum at this year’s funding round. The young, dynamic company will now use this for its further growth. The decisive factor for the investors was, among other things, the promising digitization potential in an opening real estate market. With its platform of the same name, Doozer has an attractive offer for the industry. Furthermore: The company can show a steeply rising demand curve. This year alone, for example, the Berlin-based Proptech brokered a construction volume of almost 200 million euros.
“We are very happy to be able to take the next steps with the capital gained and to expand our comfortable market position,” says Doozer Founder and Managing Director Nicholas Neerpasch. “We are particularly deeply indebted to our team that, with Doozer, is constantly developing a great, future-oriented product. Together, we have already supplied our many affiliated craft businesses with over 80,000 renovation orders – and the trend is growing rapidly.”
Doozer has been a reliable partner to the housing industry for over six years, making a significant contribution to efficient renovation processes. The Berlin-based Proptech has also helped hundreds of craft businesses across Germany to achieve strong growth through standardization and digitization.