Alasco has received millions in funding in a seed investment round from HV Holtzbrinck Ventures, the FlixBus founders, and the PropTech-specialized investor Picus Capital.
The Alasco founders also invested in their own company as part of the financing round. Their SaaS product supports project developers in tracking and managing costs throughout all construction phases. The new capital will be used to expand the team and further develop the product.
"Alasco's global scalability and the outstanding experience of its founding team make the company unique. We look forward to supporting the founding team with our extensive expertise in the PropTech and SaaS sectors,"
says Rainer Maerkle, General Partner at HV Holtzbrinck Ventures.
A long overdue solution in the construction industry
Alasco's software digitizes and collects information and processes related to the financial management of construction projects. It serves as a central source of information, providing an overview of all project financial data across all construction phases. The software thus unifies processes that were previously handled manually or using separate software solutions. This saves costs and time—factors that often exceed the planning scope, especially in large-scale projects.
"Much of the software currently in use dates back to the 2000s. We can make a big difference here with new processes and technologies,"
says Alasco co-founder Sebastian Schuon.
“A solution that is strongly customer- and workflow-oriented, such as the one Alasco is developing, is long overdue in the construction industry and has the potential to save project managers and developers a lot of time and their customers a lot of money,”
says Jeremias Heinrich, founder of Picus Capital.
“The best investors from the relevant sectors”
With HV Holtzbrinck Ventures, Picus Capital and the FlixBus founders We bring together in-depth knowledge of SaaS, Prop-Tech and the digitalization of largely analogue industries.
"We are convinced that we have the best investors from the relevant sectors on board for the digitalization of the construction industry. Their proven knowledge of the sector and their expertise in promoting and implementing digital business models are a perfect fit for us,"
says Alasco co-founder Benjamin Günther.
