High-Tech Gründerfonds, one of the most active venture capital firms in the german startup scene, just announced a half-million euros investment into software startup ReCoTech, a developer of IT-based solutions to optimise strategic large scale office space allocations.
The new capital will be used to finish the product and enter the marketplace with a license base revenue model.
“ReCoTech’s mathematically innovative algorithms and its large efficiency potential in construction projects convinced us to invest”, says Dr. Björn Momsen, Investment Manager at High-Tech Gründerfonds. “As indicated by the first successful customer projects on the way, ReCoTech’s services are in huge demand, especially for user managed office buildings.”
ReCoTech’s customers are companies and organisations with large office and administration facilities, whom will benefit from their software thanks to the calculation of large scale and strategic office space allocation planning. This enables the fast generation of different variants with customized settings concerning individual demand, desired adjacencies, complete or partial preferences for individual departments and many more.
“The early practical applications already demonstrate the enormous potential to save space and resources”, says Michael Marchionini, CEO of ReCoTech GmbH. “It is interesting to note that almost all customers intend to reduce CO2 emissions as well as costs and recognize the dispassionate objectivity of the resulting plan as an immediate non monetary benefit. The latter contributes in many ways to the eventual implementation of potentially controversial decisions.”
