Berlin-based property management startup hallo theo has raised €10 million in seed funding from Insight Partners to scale its technology across Germany.
- Established in 2023, hallo theo transforms property management with AI, automation, and on-site support. The company oversees homeowner associations, rental buildings, family offices, and institutional investments, using digital tools to streamline operations.
- The self-developed platform automates commercial processes, reduces administrative workload, and enables fast, transparent communication between owners, tenants, and administrators.
- Based between Berlin and Hamburg, the startup has a team of 60 and currently manages over 9,000 apartments, growing by more than 30% each month.
"Today’s technology will enable us to transform the way real estate is managed and dramatically improve the lives of millions of people," Claims business angel, Julian Teicke.
Details of the deal
- The funding round was led by Insight Partners, a New York-based venture capital firm with over $90 billion in assets under management. The firm has invested in over 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO.
- The investment will enable the startup to expand its technology across Germany and grow its workforce.
"Over the last year, we have built the best-in-class infrastructure to support the reimagination of property management as a simple, reliable and delightful service. With our new funding, we will bring this experience to owners all over Germany and continue to build a team of incredible colleagues," Hallo theo's team, stated on LinkedIn.
