European media group Mediahuis is investing in the Finnish company Skenariolabs, a fast-growing start-up that predicts the future of sustainable real estate, based on data and artificial intelligence (AI). The EUR 3 million capital round is led by Mediahuis, which is responsible for most of the investment. With the investment, Mediahuis is taking a first step in the PropTech market.
PropTech is a fast-growing market that seeks to improve all aspects of the real estate lifecycle: all the way from designing and building a property, to investing and financing, as well as managing it.
Within this market, Skenariolabs is growing strongly. Skenariolabs helps property owners, portfolio managers, banks and insurance companies make more responsible decisions through an objective, transparent and accurate risk and value assessment platform, delivered as a SaaS service that requires very little to no initial data. Skenariolabs supports financial institutions to manage, understand, analyze and optimize all real estate risks and potentials from a single mortgage to automated collateral monitoring and ESG-risk detection. For real estate experts, the startup offers detailed and predictive insight on market values, rental prices, energy performance, CO2 emissions and cost structure.
Today, Skenariolabs operates mainly in Europe and North America and has 20 employees. The company will use the additional funding to accelerate further European growth and expand its existing product portfolio.
For Mediahuis, which is already active in the education technology and media technology market, this is the first investment in the property technology market.
Patrick De Wachter, Corporate Business Development Director Mediahuis Marketplaces: “The investment in Skenariolabs further broadens the development potential of our group. PropTech fits with the real estate marketplaces in our portfolio, notably Zimmo in Belgium, Jaap in the Netherlands and Wortimmo in Luxembourg. We see the significant growth potential of the PropTech market in Europe and believe in the strong team and excellent solutions of Skenariolabs to become an international leader in this market.”
Skenariolabs, founded in 2015, predicts the future of sustainable real estate by replacing intuition with facts. We help property owners, portfolio managers, banks and insurance companies make more responsible decisions through their objective and transparent risk and value assessment platform. The team of 20 people hailing from Finland has helped over 100 customers and done over 2 billion assessments to date. Currently, the company operates on five market areas and is expanding rapidly.