Neoshare has developed a SaaS solution designed to digitalize and streamline the management and implementation of real estate and project financing. By using the platform, real estate companies and project developers are also intended to gain additional security in implementing financing projects and transactions.
This concept has also convinced Hamburg Savings Bank, Cologne Bonn Savings Bank, Hannover Savings Bank, and Ludwigsburg District Savings Bank. With their investment, the savings banks are taking on shares in equal amounts to those of the cooperative banks, according to the startup. Several cooperative banks and Raiffeisenbanken invested 19 million euros together with a German family office and strategic partners from the real estate industry in the spring of last year.
Through the partnership with the savings banks, Neoshare is now becoming a cross-group industry solution for commercial real estate financing. The solution serves collaboration between institutions as well as between institutions and customers or partners. The startup’s technological expertise complements the leading market position of the savings banks and cooperative banks Raiffeisenbanken. This combination creates the foundation for an independent industry solution in commercial real estate financing.
The board chairman of Hannover Savings Bank Volker Alt comments:
“We are convinced that the complex commercial real estate lending business of the savings banks and banks will continue to digitalize. The Neoshare AG solution opens up an exciting perspective for Hannover Savings Bank to digitalize its commercial real estate and consortium lending business. Given the share of commercial real estate financing in the new and existing business of Hannover Savings Bank, Neoshare’s range of services is of high strategic importance.”
The additionally raised capital will primarily flow into platform further development, expansion of AI research, and company expansion. Neoshare remains independent even after the investment and is controlled by the founder as a majority shareholder.
