ReCoTech Receives 500,000 Euro Venture Capital
July 27, 2009
High-Tech Gründerfonds invests in next generation technology for the optimisation of large scale office space allocation
ReCoTech, a developer of IT-based solutions to optimise strategic large scale office space allocations receives 500,000 € start up venture capital from the High-Tech Gründerfonds. This investment will serve to finalise the market ready implementation of the existing prototype. The software developed by ReCoTech GmbH is globally unique and its functional scope distinct from all existing products in the fields of real estate and facility management.
The High-Tech Gründerfonds investment enables ReCoTech to speedily achieve marketability and commercial launch in the license business. “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.”
The ReCoTech solution is primarily intended for companies and organisations with large office and administration facilities. Market research shows that there is a substantial optimisation potential for Germany’s ca. 6 Mio. office workplaces. In contrast to the current largely manual method ReCoTech offers a calculation of large scale, 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. Easy and fast visualisation of planning variants as well as the provision of key figures support management decisions concerning strategic use and allocation of available office space.
ReCoTech supports the optimisation of space allocation throughout the life cycle of the buildings.
“We supply the traditional software solutions in the area of real estate and facility management by enabling fast and easy strategic planning across buildings and sites”, says Jens Deininger, CTO of the ReCoTech GmbH. “Users are thrilled by the possibilities to easily test and compare many different hypothetical variants”.
“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.”
About High-Tech Gründerfonds
High-Tech Gründerfonds invests venture capital in young, high-opportunity technology companies implementing promising research results in an entrepreneurial manner. The start-up companies are planned to lead their R&D projects to the production of a prototype or a “proof of concepts” or market launch by means of seed financing of up to 500k EUR. High-Tech Gründerfonds has a fund volume of around 272m EUR. Investors of the public-private partnership are the Federal Ministry for Economics and Technology, the KfW bank group as well as the six industrial groups BASF, Deutsche Telekom, Siemens, Robert Bosch, Daimler and Carl Zeiss.
High-Tech Gründerfonds Management GmbH, Dr. Björn Momsen
Tel: +49 (0) 228 – 965685-00
Fax: +49 (0) 228 – 965685-50
ReCoTech is a young software company that specialises in IT-based solutions for the optimisation of space allocation in office buildings that was founded in 2008. The range of services encompasses both projects, license sales as well as support in the data acquisition and data modelling in both cases. The Berlin based company currently develops interfaces to selected products in the area of real estate and facility management. The company enjoys a close cooperation relationship to the University of Applied Sciences in Berlin.
Among its customers are the municipality Treptow-Köpenick in Berlin, the Inselspital Bern and the city of Recklinghausen.