EKORE, a startup leveraging Digital Twin technology to transform the management of buildings and cities, has successfully closed a €1.3 million seed funding round. This round represents one of the most significant investments in Italy’s PropTech sector and the largest in the Digital Twin space for 2024. The funding attracted two strategic investors: SOM S.p.A., a leading company in the fuel retail sector, and Habismart, the PropTech accelerator of CDP Venture Capital’s National Network, which includes backing from the CDP Venture Capital Accelerator Fund, Zest, Nova Capital, and COIMA.
EKORE’s technology harnesses Digital Twin solutions to advance real estate portfolio management, reduce energy costs, and enable data-driven decision-making for smarter building and city management.
This capital injection reinforces EKORE’s position as an emerging player in technological innovation applied to the real estate and urban sectors.
“The entry of SOM S.p.A. and Habismart into our capital structure will enable us to make the necessary investments to scale our solution within the real estate asset management market, optimising consumption management and sustainability,” said Andrea Agostini, CEO of EKORE.
“This funding will allow us to accelerate the development of our solutions and bring innovation to a market with significant room for improvement.” “Our investment in EKORE represents a critical step in enhancing the integrated management of our group’s assets across various sectors and aligns perfectly with our ongoing ESG strategy,” stated Giovanni Maria Gross, CEO of SOM S.p.A.
“We are pleased to have participated in this seed round through the Habismart accelerator, part of CDP Venture Capital’s National Accelerator Network. EKORE’s predictive analysis of buildings enhances monitoring and error detection during asset management and maintenance phases while capturing key performance indicators to manage anomalies effectively. All of this is embedded within EKORE’s Digital Twin technology. This investment will allow the company to further develop its platform, advance its technology, and continue to grow in the market,” said Stefano Molino, Senior Partner at the Accelerator Fund.
Gabriele Ronchini, CEO of Zest Investments, added: “We invested in EKORE because we strongly believe in the transformative potential of Digital Twin technology in the PropTech sector. Their solution revolutionises urban and real estate management, seamlessly integrating innovation and sustainability. The market offers significant opportunities, and EKORE’s growth highlights its unique ability to penetrate new market segments. We are thrilled to support their expansion and contribute to building a smarter, more sustainable future for real estate.”
The capital raised will be primarily allocated to strengthening EKORE’s platform and algorithms, expanding the team, and driving commercial growth.
With this round, EKORE cements its position as a national leader in the PropTech landscape and reaffirms its commitment to placing innovation and sustainability at the core of urban and real estate development. This milestone marks a significant achievement for EKORE and its mission to revolutionise real estate asset management. By leveraging Digital Twin platforms that combine 3D models, maintenance data, and IoT technologies, EKORE optimises resources and promotes sustainability