The Munich real estate SaaS platform Propertybase GmbH was launched at the beginning of June by the Boston Logic Inc., Boston, USA. The Boston-based specialist in IT solutions for the real estate industry is thus expanding its range of services.
Michael Wenglein and Max-Michael Mayer, the founders of Propertybase, believe that the acquisition will put Boston Logic in an excellent position to digitize the real estate industry and significantly ahead of the competition.
“By teaming up, we expect to gain significant momentum to leap ahead in the market on a number of levels,”
says Max-Michael Mayer, Managing Director and founder of Propertybase.
Bring momentum to the real estate industry
The Munich-based startup is complementing the US company's existing portfolio — broker software, online marketing and design services — with a CRM solution and marketing software.
The venture capitalists BayBG is glad.
“When entering the BayBG as a silent partner in 2015, the company founded in 2010 Propertybase GmbH has already achieved a considerable international market position.
The scalable SaaS model and the well-thought-out sales structure led to further rapid growth,”
said Alexander Ullmann, investment manager at BayBG.
That assessment was likely correct. Today, seven years after the company's launch, Propertybase boasts over 1,000 real estate agencies in 60 countries as clients. With offices in Boulder (USA), Salt Lake City (USA), Sydney (Australia), and Munich, global support is guaranteed. The Munich-based startup's real estate industry solutions thus complement Boston Logic's offerings well.
