Alasco, a Munich-based company cloud-based financial management platform for real estate projects, announced that it raised $40 million in Series B funding.

The round was led by Insight Partners, the global venture capital and private equity firm that invests in technology and software companies, and Lightrock, an investor in tech-driven business models. 

The funding will be used to hire staff, drive European expansion and enhance its Software as a Service (SaaS) and environmental, social, and governance (ESG) capabilities to support clients as they manage a real estate project digitally and sustainably.

Company: Alasco GmbH

Raised: $40.0M

Round: Series B

Funding Month: January 2022

Lead Investors: Insight Partners and Lightrock

Additional Investors: 

Company Website: https://www.alasco.de/

Software Category: cloud-based financial management platform

About the Company: Founded in 2018 by three well-known internet entrepreneurs Sebastian Schuon, Benjamin Guenther, and Ansel Bauer-Wohklleb. Alasco offers a cloud-based, SaaS platform that allows customers to connect data including budgets, costs, revenues, and ESG criteria with automated technology to help make financial and sustainability decisions making. The Company's platform automates a few procedures in the construction industry that used to be handled manually, as well as provides an overview of a project’s financial data across all construction phases.

Source: https://www.pymnts.com/news/investment-tracker/2022/real-estate-saas-company-alasco-raises-40m-in-series-b-funding/