Surplus Invest is an investment holding based in Munich that backs early stage PropTech companies across Europe. The firm provides capital alongside operational expertise and industry access to technology-driven real estate enterprises.
Alexander brings venture and real estate investment experience from roles at Surplus Invest and Rivus Capital. He currently operates as a founder at 38Capital and advises across early stage ventures.
ING Ventures and Surplus Invest have backed rent roll data platform PRODA in a funding round totalling roughly £3.4m.
"Our investment in PRODA, is evidence of our commitment to deliver best in class services across ING. By leveraging the technology of PRODA, ING can help to significantly reduce the administrative burden that rent roll management is for many clients. In addition, PRODA’s technology lets us realise efficiencies in our reporting towards regulators."
FinTech Collective and Surplus Invest led the oversubscribed financing round, which brings the total Series A raise to €14m.
"Now more than ever before, we find that investors are looking to residential as a safe haven investment asset class. We have built a sourcing, renovations and property management machinery that allows us to quickly assemble €100-500m sized residential portfolios, made up of single unit assets in a matter of months, that generate very attractive stable returns almost instantly. The demand for residential is increasing, and we are confident to deploy scalable capital and generate superior-to-market returns for our investors across European markets. Our proprietary IMMO Intelligence technology helps investors target specific locations within any European city, to get their desired risk-return exposure. The success of Single-Unit-Residential (SUR) as an investment asset class in markets like the US has been very encouraging for us."