Alasco, a Germany-based cloud-based financial management platform for real estate projects, has raised 40 million dollars in Series B funding. The funding round was led by Insight Partners and Lightrock.
The funds will be used to expand the company’s product offering and reinforce its position as a global leader in the real estate project management sector. The funding round also saw participation from existing investors HW Capital and Inception Capital.
About Alasco
Alasco was founded in 2018 by CEO Michael Reiffenstuhl with the mission of creating an easy-to-use platform that would enable real estate professionals to manage transactions, contracts, and documents for their projects more efficiently and securely than ever before.
With its cloud-based platform, Alasco eliminates paperwork, streamlines processes, and provides secure digital document storage for clients in over 140 countries worldwide.
Insight Partners’ Involvement
Insight Partners is a leading global venture capital firm with a focus on software investments. Since its founding in 1995, the firm has invested in more than 400 companies across numerous industries.
It sees potential in Alasco’s innovative technology platform, which helps make the process of managing real estate projects faster and easier while eliminating manual paperwork.
Light rock Investment
Lightrock is a venture capital fund based in Zurich that invests in early-stage startups across Europe with disruptive technologies or business models that have the potential to become global leaders within their respective categories or markets.
It works closely with portfolio companies to help them scale up faster through operational support including training workshops, mentoring sessions, etc. as well as access to networks of customers and partners.
Benefits of Cloud-Based Platforms
Cloud-based platforms provide several advantages compared to traditional methods of collecting data from multiple sources such as spreadsheets, paper forms, or even emails.
They provide better scalability, flexibility, and cost savings when compared to traditional methods; enabling organizations to quickly analyze large volumes of data for more informed decision-making as well as reducing costs associated with hardware requirements such as servers or storage systems required for physical infrastructures.
Additionally, cloud-based platforms can be easily integrated into existing systems allowing organizations to gain full insight into their operations quickly without significant delays or disruption from implementation changes that may occur during traditional system upgrades or migrations.
Conclusion
The $40 million Series B funding round is a great success story for Alasco who are now expanding their offering globally while still remaining committed to providing secure digital document storage solutions tailored specifically for real estate professionals worldwide.
With Insight Partners’ expertise behind them as well as Lightrock’s access networks of customers and partners this could prove incredibly beneficial for both parties not only financially but operationally too when it comes time to scale up faster whilst still providing much-needed security measures not just now but into the future too
