Patrizia acquires stake in proptech firm Evana

Evana AG, a German Proptech company specializing in data exchange using artificial intelligence, has completed an A-series round of financing led by pan-European real estate investment manager Patrizia Immobilien and other investors.   

Patrizia is taking a strategic stake in Evana as it moves to digitalize its entire €40 billion ($46 billion) portfolio using the Proptech innovator’s cutting-edge technology and will also provide operational and strategic resources for the company’s further development.

Evana will utilize its capital mainly for further product development and for expansion within Europe. The company is expanding its expert team with additional proven specialists. The tech company will also use the financing round to further strengthen its involvement in research into artificial intelligence.

“Patrizia is in the process of extensively digitalizing the company, and the Evana platform will make a significant contribution to this,” said Dr Manuel Käsbauer, head of innovation and technology of Patrizia. “We see great potential in the intelligent solution from Evana, as we believe artificial intelligence has a crucial role to play in enhancing the way we work in the real estate industry for our clients.”