BitStone Capital announces First Closing of the new Real Estate & Construction Tech Fund
Investment focus on digital technology in the construction and real estate sector
Cologne, February 26, 2020: Two years after its foundation, BitStone Capital today announces the first closing of its second venture capital fund. With the “BitStone Real Estate & Construction (RECO) Tech Fund”, the Cologne-based investment specialist bundles extraordinary expertise and capital from competent investors, including Goldbeck, GC Group, Zech Group, Art-Invest Real Estate, FMC Real Tech, the entrepreneurial family Knauf, Landmarken AG and Deutsche Reihenhaus.
With immediate effect, the RECO Tech Fund is starting with investments in young PropTech & ConstructionTech start-ups that have the potential to revolutionize the billion-euro construction and real estate industry – and therefore, promise above-average returns. BitStone Capital is planning a second closing in 2020: “We are working with strategic partners,” emphasizes Manfred Heid, Managing Director of BitStone Capital, “who jointly want to participate in the unique opportunities in the digital transformation of the construction and real estate industry.”
The circle of BitStone Capital investors and partners includes leading companies and prominent innovation drivers from all sectors of the German and European real estate industry, including the Zech Group, Goldbeck, GC Group, Art-Invest Real Estate, the investment company of Daniel Arnold, the founder of Deutsche Reihenhaus, the entrepreneurial family Knauf, FMC Real Tech, Landmarken AG as well as industry experts Jan Bettink, Alexander Hesse, Jürgen Probst, and Mario Caroli. Altogether, the partners of BitStone Capital with their core business and competencies cover the entire value chain of the real estate industry – from planning, financing, development & construction to operation and supply chain in the respective phase.
BitStone Capital invests in start-ups from “Seed” to “Series A” phases and actively supports its portfolio companies in further development, market entry and follow-on financing rounds. The real estate and construction technology investor supports all portfolio companies not only with fresh capital but also operationally with comprehensive industry and technology know-how and its extensive network.
“We are proud of our great network, which has continued to mature with our new, strong investors – quantitatively and also qualitatively,” emphasizes Kai Panitzki, Managing Director of BitStone Capital: “Now, with our new RECO Tech Fund, we will invest in the best ideas and teams in order to leverage the enormous potential in the digitalization of the real estate industry. Here we are still at the very beginning of the possibilities and at the beginning of a tremendous upheaval”.
With the investment partners and its experienced management team, which includes Managing Directors Kai Panitzki and Manfred Heid as well as proven industry specialists Marc Stilke and Lars Grosenick, BitStone Capital has one of the strongest and largest pools of construction, real estate and start-up experts in Germany and Europe. In addition to access to financial resources, BitStone Capital portfolio companies can thus also access a broad spectrum of knowledge and skills that are crucial for growth and success: From detailed market analyses and data, marketing, sales and direct customer access to business, tax and legal expertise.
About BitStone Capital
BitStone Capital is an internationally operating venture capital investor and company builder that develops innovative digital construction and real estate business models. Beyond financing, BitStone Capital catalyzes the growth of its PropTech and ConstructionTech investment companies with its extensive network, unique industry know-how and specific expertise in new technologies.