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DGAP-Media / 2018-10-01 / 15:34 *PropTech1 Ventures and IBB Beteiligungsgesellschaft invest in Seniovo, Germany's first one-stop solution for barrier-free reconstruction* *Berlin, 1 October 2018 - *PropTech1 Ventures, Germany's first venture capital fund focusing on European PropTech startups, invests in Berlin startup Seniovo together with IBB Beteiligungsgesellschaft. German Media Pool with its print media partners was won as a further investor in the seven-digit seed financing round. Launched this year, the VC fund PropTech1, led by managing partners Nikolas Samios and Anja Rath, which brings together 15 real estate companies and entrepreneurs across the entire value chain, is already announcing its third investment, all of which were made during the last month. The PropTech startup Seniovo enables people in need of care to stay at home by offering age-appropriate and barrier-free reconstruction measures - in many cases without additional payment of private funds. The issue of home care is affecting more and more people: Demographic change is leading to an aging society. The number of people in need of care in Germany today is just under 3 million. This number will increase by at least 500,000 in the next ten years. At the same time, there is a lack of nursing staff and homes. Furthermore, 90% of senior citizens in need of care prefer to live at home, but just 2% of all homes and apartments are barrier-free. Thus, there is an enormous need. Although health and long-term care insurance companies usually cover the costs of barrier-free reconstruction and accompanying measures in order to save the persons in need of care from moving to a nursing home, these funds are often not retrieved because the persons concerned lack the knowledge or are overwhelmed by the non-transparent market of handymen. Seniovo acts as a one-stop solution, offers targeted advice, and digitalizes the application and execution process completely up to the implementation of the measures on site with their own handymen or certified partners. Thanks to Seniovo, health insurance companies benefit from a reduction of administrative burden. At the same time, the costs for ambulatory care services are also reduced in barrier-free apartments. Up to now, Seniovo has been offering reconstruction measures for the bathroom throughout Germany and will offer more products in the future. Anja Rath, Managing Partner of PropTech1 Ventures, comments on the investment decision, "Seniovo offers a service with an urgent and growing demand. The business model is attractive and scalable. On top of that, we are very happy to support a company that makes an important social contribution and that makes barrier-free reconstruction much easier for people who are already working to capacity by caring for relatives or patients." Christian Seegers, Senior Investment Manager of IBB Beteiligungsgesellschaft, adds, "Seniovo is a prime example of the companies we are looking for: The Berlin-based team around Jonathan Kohl and Justus Klocke has founded a fast-growing startup, convinced private capital of their business model, and also provides an important social added value. The care market offers excellent growth opportunities for innovative startups, and we are pleased to support Seniovo with our expertise in the care market." Jonathan Kohl, CEO & co-founder of Seniovo, describes the added value of the VC investment, "The investor consortium has proven to be very valuable from day one. With PropTech1, we have gained our desired investor, whose partners contribute countless years of experience as entrepreneurs themselves and, in addition to capital, provide us with accelerated access to a broad network in the real estate industry. IBB Beteiligungsgesellschaft has already made several successful investments in the care market and contributes deep knowledge of the market, from which we can profit." *Press material *for free use: http://bit.ly/Pressekit_PropTech1 [1] *Contact* Theo Bonick PropTech1 GmbH & Co. KG theo@proptech1.ventures +49 (0)30 6098890 60 Christian Seegers IBB Beteiligungsgesellschaft +49 (0)30 2125 3201 venture@ibb-bet.de *About IBB Beteiligungsgesellschaft:* IBB Beteiligungsgesellschaft (www.ibb-bet.de) provides venture capital to innovative Berlin-based companies and has established itself as the market leader in early stage financings in Berlin. The funds are used primarily for the development and market launch of innovative products or services as well as for business concepts of the creative industries. Since March 2015, two funds managed by IBB Beteiligungsgesellschaft are in the investment phase - VC fund Technologie Berlin II, with a fund volume of EUR 60 million, and VC fund Kreativwirtschaft Berlin II, with a fund volume of EUR 40 million. Both VC funds are funded by the Investitionsbank Berlin (IBB) and the European Regional Development Fund (ERDF), managed by the State of Berlin. Since 1997, IBB Beteiligungsgesellschaft, jointly with its co-investors, has provided creative and technology companies from Berlin with more than EUR 1.33 billion, of which IBB Beteiligungsgesellschaft has invested EUR 184 million as lead, co-lead, or co-investor. *About PropTech1 Ventures:* PropTech1 Ventures (www.proptech1.ventures) is Germany's first venture capital fund focusing on European PropTech startups. After the real estate industry, the so-called "sleeping giant", has shied away from real innovation for decades, it now faces drastic change due to digitalization. This provides tremendous opportunities for PropTech startups focused on the optimization, digitization, and disruption of the real estate industry. The VC fund was co-founded by real estate entrepreneur Marius Marschall von Bieberstein (Managing Partner evoreal) and the COOPERATIVA Venture Group and is actively supported by the Venture Partners Andreas Wende (Managing Partner NAI apollo), Christian Vollman (CEO & founder nebenan.de and "Business Angel of the Year 2017"), Kristofer Fichtner (co-founder Thermondo), and Nicholas Neerpasch (CEO & co-founder of Doozer). The shareholders of the fund so far consist of 15 real estate companies and entrepreneurs from all areas of the value chain. In addition to venture capital, PropTech1 provides PropTech companies with expertise and market access from leading experts in the traditional real estate, PropTech, and venture capital areas. Through its multi-faceted analyst team, which covers the DACH, UK, Nordics, Rest of Europe, and North America focus regions, PropTech1 offers its fund investors access to what we consider to be the most interesting startups in the scene, proven venture capital method expertise, financial participation both through the fund as well as through direct co-investment opportunities, and the moderated exchange with other innovative real estate companies and the PropTech startups themselves. *About German Media Pool (GMPVC)* Headquartered in Berlin, GMPVC German Media Pool is Germany's leading independent media-for-equity investor and connects rapidly growing e-commerce and consumer companies with leading media groups. As a cross-media fund, GMPVC provides media services on behalf of its TV, radio, out-of-home, and print partners. The 26 portfolio companies of GMPVC include i.a. Seniovo, ABOUT YOU, momox, Job Today, BookATiger, Clark, Marley Spoon, and URBANARA. End of Media Release Issuer: COOPERATIVA Venture Group Key word(s): Seniors 2018-10-01 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de 729281 2018-10-01 1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=0ce77349c901198ba3c20672ebd06a1a&application_id=729281&site_id=vwd&application_name=news
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October 01, 2018 09:34 ET (13:34 GMT)