Our society is getting older and older – due to demographic change and increasing life expectancy. Against this background, solutions that make life easier for older people are in greater demand than ever. This is exactly what Seniovo offers. The Berlin-based start-up company combines traditional building trades with digital solutions. This article is based on the unique List of the 200 most important venture capital investors in Germany.
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From building tradesman to PropTech company
Founded in 2015, the company initially focused entirely on barrier-free conversion of bathrooms and sanitary rooms for senior-friendly living. Seniovo transforms bathtubs into showers or removes other barriers for older people in bathrooms and toilets. In a next step, the young company now wants to focus on digital solutions. It will thus become a genuine PropTech company. The abbreviation “PropTech” is used to describe digital business models in the real estate sector. Seniovo wants to use digital processes to simplify the administrative handling of barrier-free conversions – from the commissioning and application for public funding to ordering materials, coordinating fitters and invoicing.
The development of appropriate solutions costs money. Seniovo has now been able to secure 2.5 million euros for this. This is already the third financing round within three years. In addition to IBB Investitionsbank Berlin and several other investors, the investors include PropTech1 Ventures. The independent fund, which has been in existence since 2013, brings together various real estate companies, real estate experts and private investors under one roof. The declared goal is to combine real estate know-how and venture capital expertise with financially strong investors and thus to unite the best of three worlds. The investment focus is on the DACH region, but projects and business models in other European countries are also financed.
Source: Deutsche Startups Picture source: Unsplash
