Stuttgart-based PropTech start-up dotega raises €1.3 million in fresh capital: Together with HTGF, one of the leading and most active early-stage investors in Germany and Europe, and experienced PropTech investors, including the founders of casavi, the Stuttgart-based start-up is continuing to drive forward the digital transformation of self-administration of appartment owners' associations in Germany (Wohnungseigentümergemeinschaft or WEG for short).
With the completion of the pre-seed financing round, dotega has received a boost for the further expansion of its PropTech platform for the smart self-management of homeowners' associations. “This financing is a strong signal for us – it confirms once again that we are solving a real market problem and have gained the trust of leading investors,” says Niklas Mocker, co-founder and managing director of dotega. “With the support of HTGF and experienced PropTech investors, we can accelerate our growth in a targeted manner, scale our product and establish self-management as a real alternative to traditional property management.”
Together with co-founder Lina Albert, Mocker is consistently driving forward the Germany-wide expansion and technological development of the platform – always with the aim of maximizing the automation of processes in WEG management and significantly reducing the administrative burden. “WEGs should have access to first-class management – at minimal monthly cost,” emphasizes Lina Albert, co-founder of dotega.
dotega is rethinking WEG management: digital, independent, legally compliant
Property managers refuse, owners despair — small appartment associations are left to fend for themselves. WEGs with 2 to 20 units are particularly affected. dotega achieves what the market refuses to do: a digital solution for self-management with backup. The intuitive web app gives owners access to all key functions: from automated annual statements and legally compliant draft resolutions to transparent business plans and digital owners' meetings.
The focus is on three principles: legal certainty, user-friendliness, and independence from traditional property management companies.
Around 10 million residential and commercial units in Germany are organized in WEGs – a huge market that has hardly been tapped digitally to date. This is exactly where dotega comes in: as the first scalable platform for the complete and legally compliant self-management of small owner associations.
The solution takes care of all central commercial and technical administrative tasks – from billing to meetings – and expands these to include technical support for renovation, value preservation, and energy efficiency measures.
Max Bergmann, Investment Manager at HTGF, comments: "dotega addresses a key challenge in the real estate sector: small WEGs urgently need efficient and affordable digital solutions. We got to know the ambitious team early on and are convinced by the combination of their technological approach, strong implementation skills, and deep market understanding. This enables dotega to drive forward the transformation in this previously largely undigitized field and create real added value. We are delighted to be joining the team as lead investor on this journey."
dotega Secures €1.3M to Digitize Small WEG Management
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