Hogan Lovells advises Alasco in Series B financing round of EUR 35 million

Press releases | 14 January 2022

Led by its Munich partner Nikolas Zirngibl, Hogan Lovells advised the start-up Alasco in a Series B financing round. The prop-tech start-up has raised fresh capital in the amount of around EUR 35 million. Capital providers are, among others, two new investors – New York-based venture capital fund Insight Partners and the sustainability-focused private equity platform Lightrock.

With its software solution, the Munich-based start-up intends to digitalise the real estate industry and make it more sustainable. The capital is to be used for further growth. Alasco plans to increase its number of employees by more than double to 220 during the course of the next year. Furthermore, the start-up wants to drive European expansion forward.

Alasco provides project and property developers with a software solution for financial controlling and the management of real estate processes that also facilitates compliance with sustainable construction criteria. Alasco's clients include leading global companies in the real estate sector, including Hines, Soravia and Garbe.

Hogan Lovells advised Alasco on all questions relating to the financing.

Hogan Lovells team for Alasco

Dr. Nikolas Zirngibl (Partner), Thiemo Woertge (Senior Associate), Kilian Pfahl (Associate) (all corporate, Munich);

Dr. Falk Loose (Counsel) (tax, Munich).