Alasco, a Munich-based SaaS company focused on financial management in real estate, has raised $40 million in a Series B funding round. The investment was led by Insight Partners and Lightrock, two firms known for backing technology-driven ventures.
The capital will be used to scale operations across Europe, hire additional team members, and expand Alasco’s capabilities in both software and environmental, social, and governance (ESG) integration. The company aims to help real estate businesses manage financial data and sustainability factors in a centralized digital platform.
Alasco’s platform connects data points such as project budgets, costs, revenue, and ESG metrics, offering automated tools that streamline decision-making. The company sees growing demand among real estate developers and asset managers for software that aligns with evolving sustainability standards and financial oversight needs.
According to CEO and co-founder Sebastian Schuon, expanding the team is a key focus. The company plans to significantly increase its workforce to meet the demands of a broader customer base in the coming year.
While many industries have made progress in digital transformation, the real estate sector still lags in certain areas. Manual processes, including paper-based payments, remain common. A report from PYMNTS and Versapay notes that 34% of B2B payments in commercial real estate are still made via checks, underlining the need for better digital infrastructure.
As the new year approaches, Alasco is positioning itself to help bridge this gap by offering tools that bring financial transparency and sustainability tracking into a single digital interface.
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By Proptechbuzz
By Ravi Kumar