The real estate brokerage industry in DACH focuses on assisting clients in buying, selling, or leasing properties, ranging from residential to commercial spaces. Various players operate within this sector, including traditional brokerage firms, technology startups, and investment companies. Services offered are expanding, leveraging digital innovations to streamline processes and enhance customer experience. In recent years, there's a notable shift toward technology-driven platforms that provide real-time data insights and user-friendly interfaces. This evolution is reshaping how transactions are completed and positions DACH at the intersection of real estate and technology, driving future growth and investment opportunities.

In the DACH region, the investor landscape shows a blend of private equity, venture capital, and corporate participants. With headquarters in cities like Zurich, Berlin, and Munich, these investors vary in size, from small firms employing a handful of people to significant corporations employing thousands. Investment activity in 2024 reflects diverse interests, with notable investment counts such as Deutsche Bank’s 32 deals and Partners Group’s impactful 19 investments. Founded between the 1800s and 2000s, these firms are evolving, shaping the future of real estate brokerage with a tech-forward perspective.

Top 14 Real Estate Brokerage Investors in DACH

1. Picus Capital

• Website: picuscap.com
• Type: Venture Capital
• Headquarters: Munich, Bavaria, Germany
• Founded year: 2015
• Headcount: 11-50
• Number of deals in 2024: 28
• LinkedIn: picus-capital

Picus Capital is a venture capital firm based in Munich, Bavaria, Germany, founded in 2015. The firm specializes in early-stage technology investments and partners with innovative startups across various sectors, including fintech and healthcare. Notably, Picus Capital has made significant investments in the real estate brokerage space, particularly in property technology startups. They were involved in the seed and Series A funding rounds for Homeday, a proptech startup that aims to streamline the real estate transaction process. Additionally, they participated in the Series C and D funding rounds for Casavo, a leading Southern European proptech platform that focuses on becoming a digital leader in residential real estate. These transactions highlight Picus Capital's commitment to supporting companies that are transforming the real estate brokerage industry through technology.

2. Axel Springer

• Website: axelspringer.com
• Type: Corporate
• Headquarters: Berlin, Berlin, Germany
• Founded year: 1946
• Headcount: 10001+
• Number of deals in 2024: 1
• LinkedIn: axel-springer-se

Axel Springer SE is a prominent media company based in Berlin, Germany, founded in 1946. It specializes in publishing news and digital media, operating a diverse portfolio of brands such as BILD and Business Insider. The company is dedicated to independent journalism and leveraging technology to enhance its media offerings. In recent years, Axel Springer has made significant investments in the real estate brokerage sector, particularly through its real estate division, Aviv. Notable transactions include a €12 million funding round for Housell, a Spanish online real estate agency, where Axel Springer invested €9 million for a 20% stake. They also participated in multiple funding rounds for Homeday, a German online real estate agent, contributing to their Series A, B, and C rounds, which collectively raised substantial capital to scale the business. Furthermore, Axel Springer acquired 80% of the Belgian property portal Immoweb for €127.5 million, highlighting their strategic interest in the real estate market. These investments reflect Axel Springer's active role in the real estate brokerage industry, alongside their core media operations.

3. Partners Group

• Website: partnersgroup.com
• Type: Private Equity
• Headquarters: Baar, Zug, Switzerland
• Founded year: 1996
• Headcount: 1001-5000
• Number of deals in 2024: 19
• LinkedIn: partners-group

Partners Group Holding AG is a prominent investment management firm based in Baar, Zug, Switzerland, specializing in private equity, private infrastructure, private real estate, and private debt. Founded in 1996, the firm manages over USD 149 billion in assets and offers a range of investment solutions to institutional investors, private banks, and individual investors. Notably, Partners Group has been involved in significant transactions within the real estate sector, such as the acquisition of Foncia Group, a leading French property management services provider, which highlights their commitment to real estate brokerage and management. Additionally, their investment in Citivale Group Holdings Ltd, a developer and asset manager focusing on logistics and light industrial assets, further demonstrates their strategic approach to investing in real estate operating companies. These transactions reflect Partners Group's innovative investment strategies and their active role in the real estate market, particularly in brokerage-related activities.

4. Loric Ventures

• Website: loric.vc
• Type: Corporate
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2016
• Headcount: 1-10

Loric Ventures is a venture capital firm based in Berlin, Germany, founded in 2016. The firm specializes in investing in innovative and disruptive solutions globally, with a particular focus on financial technology and urban technology. Loric Ventures supports startups and technology companies by providing the necessary capital to help them grow and succeed in their respective markets. Notably, they have invested in several companies within the real estate brokerage sector, including Housfy, a platform for property transactions; Casavo, which offers a quick home-selling solution; Nested, which provides a unique approach to home buying; Habito, a digital mortgage broker; and IMMO, which focuses on property transactions. These investments highlight Loric Ventures' engagement in the real estate market, particularly in technology-driven solutions that enhance the brokerage experience.

5. Deutsche Bank

• Website: db.com
• Type: Corporate
• Headquarters: Frankfurt, Hesse, Germany
• Founded year: 1870
• Headcount: 10001+
• Number of deals in 2024: 32
• LinkedIn: deutsche-bank

Deutsche Bank AG, founded in 1870 and headquartered in Frankfurt, Hesse, Germany, is a leading investment bank and financial services provider. With over 10,000 employees, it offers a wide range of solutions including investment banking, corporate banking, cash management, trade finance, and securities services. Deutsche Bank serves corporate and institutional clients, helping them manage their financial assets and liquidity effectively through its digital platform, Autobahn. Notably, Deutsche Bank has been active in the real estate sector, exemplified by its acquisition of RREEF in 2002 for $440 million, which highlights its commitment to real estate investment management. Furthermore, the bank has facilitated substantial debt financing for real estate companies, such as Clikalia, which raised over $900 million in two separate debt financing rounds in 2021, and Azora, which raised approximately $683 million in 2023. These transactions underscore Deutsche Bank's involvement in the real estate brokerage industry, making it a significant player in this sector.

6. HV Capital

• Website: hvcapital.com
• Type: Venture Capital
• Headquarters: Flensburg, Schleswig-Holstein, Germany
• Founded year: 2000
• Headcount: 11-50
• Number of deals in 2024: 28
• LinkedIn: hvventures

HV Capital is a venture capital firm based in Flensburg, Schleswig-Holstein, Germany, founded in 2000. The firm specializes in investing in digital companies and supporting entrepreneurs from seed stage to exit, managing over €2.8 billion in assets. HV Capital has been active in various sectors, including real estate technology. Notably, they invested in Lamudi, a property portal for emerging markets, which raised $31.4 million in 2016 and $18 million in 2015 to expand its operations. Additionally, HV Capital has invested in IMMO, which raised over $15 million in Series A funding in 2019 and 2020, focusing on real estate solutions. These transactions highlight HV Capital's engagement in the real estate brokerage space, alongside their broader investment strategy in digital startups.

7. Ringier

• Website: ringier.com
• Type: Corporate
• Headquarters: Zurich, Zurich, Switzerland
• Founded year: 1833
• Headcount: 5001-10000
• LinkedIn: ringier

Ringier AG is a corporate investor based in Zurich, Switzerland, founded in 1833. It operates primarily in media publishing, digital marketplaces, and technology solutions, serving both consumers and businesses. Ringier has made significant strides in the real estate sector through various transactions. In December 2017, they acquired BuyRentKenya, enhancing their presence in the real estate market. In 2018, they participated in funding for Lamudi, a real estate platform, showcasing their interest in digital real estate solutions. Additionally, their acquisition of Scout24 Switzerland in 2014, which includes leading classified-advertisement marketplaces, further strengthens their digital business strategy and contributes to their revenue. These transactions highlight Ringier's active role in the real estate brokerage industry, despite their broader focus on media and technology.

8. Project A

• Website: project-a.com
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2012
• Headcount: 51-200
• Number of deals in 2024: 13
• LinkedIn: project-a-ventures

Project A is a venture capital firm based in Berlin, Germany, founded in 2012. They specialize in early-stage tech investments and provide operational support for startups. With a focus on consulting in tech and growth, they offer access to a network of investors and pre-seed investment opportunities. Notably, Project A has been involved in significant transactions within the real estate brokerage sector, including leading funding rounds for Homeday, an online real estate agent, and Evernest, a proptech startup. In 2016, they participated in a Series A financing round for Homeday, and in 2018, they led a €20 million Series B round for the same company. Additionally, they were involved in Evernest's Series A financing round in 2022, further solidifying their role in the real estate market. Their investments in these companies highlight their active engagement in the real estate brokerage industry, alongside their broader tech investment strategy.

9. Rocket Internet SE

• Website: rocket-internet.com
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2007
• Headcount: 201-500
• LinkedIn: rocket-internet-se

Rocket Internet SE is a venture builder based in Berlin, Germany, founded in 2007. The firm specializes in incubating and investing in internet and technology companies globally, providing operational support and capital to entrepreneurs. They focus on various sectors, including eCommerce, PropTech, and FinTech. Notably, Rocket Internet has been involved in significant transactions within the PropTech space, such as their investment in Tiko, a technology platform for selling houses, which raised $65 million in a Series A funding round in July 2021. This investment, along with earlier funding rounds for Tiko, highlights Rocket Internet's engagement in the real estate brokerage sector, showcasing their interest in innovative solutions that enhance property transactions.

10. TA Ventures

• Website: taventures.vc
• Type: Venture Capital
• Headquarters: Frankfurt, Hesse, Germany
• Founded year: 2010
• Headcount: 11-50
• Number of deals in 2024: 5
• LinkedIn: ta-ventures

TA Ventures is a venture capital firm based in Frankfurt, Hesse, Germany, founded in 2010. The firm specializes in investing in early-stage technology startups across various sectors, including HealthTech and FinTech. With a global presence, TA Ventures provides capital and strategic support to help startups grow and succeed in competitive markets. Notably, TA Ventures has invested in several companies relevant to the real estate brokerage industry, such as Tiko, which raised $11 million in Series A funding in 2018, and Home61, which secured funding in a Seed Round in 2015. Additionally, they invested in Wunderflats, a company focused on the rental market, further demonstrating their engagement in real estate-related ventures. Through these investments, TA Ventures actively contributes to the development of innovative solutions in the real estate sector, showcasing their commitment to this industry.

11. Foundamental

• Website: foundamental.com
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2019
• Headcount: 11-50
• Number of deals in 2024: 7
• LinkedIn: foundamental

Foundamental is a Berlin-based venture capital firm founded in 2019, specializing in the architecture, engineering, and construction (AEC) technology sectors. The firm provides early-stage funding and strategic support to startups, helping founders navigate the challenges of building their businesses. Foundamental's portfolio includes companies focused on 3D design, construction, renovation, and supply chain logistics, primarily targeting businesses in the AEC industry. Notably, Foundamental has invested in prop-tech startups such as Ivy Homes, which raised $7 million in funding, and Homebase, a Vietnam-based real estate technology platform that secured $30 million in equity and debt. These investments highlight Foundamental's commitment to supporting innovations that enhance the real estate brokerage landscape, making them a relevant player in this sector.

12. Allianz

• Website: allianz.com
• Type: Corporate
• Headquarters: Munich, Bavaria, Germany
• Founded year: 1890
• Headcount: 10001+
• Number of deals in 2024: 5
• LinkedIn: allianz

Allianz is a corporate investor based in Munich, Bavaria, Germany, founded in 1890. As a leading insurance company, Allianz provides a range of insurance products and investment management services aimed at risk management and asset protection. With a global presence, Allianz seeks to create long-term value for stakeholders through innovative solutions. In the real estate sector, Allianz has made significant investments, including the acquisition of ELIX Vintage Residencial in June 2021, which highlights their commitment to real estate assets. Furthermore, Allianz participated in the Series B funding round for 99.co, a Singapore-based real estate platform, which raised US$15.2M to expand its operations in Southeast Asia. These transactions reflect Allianz's strategic interest in both direct real estate investments and technology-driven real estate solutions.

13. Scout24 SE

• Website: scout24.com
• Type: Corporate
• Headquarters: Munich, Bavaria, Germany
• Founded year: 1998
• Headcount: 1001-5000
• Number of deals in 2024: 1
• LinkedIn: scout24-group

Scout24 SE is a corporate investor based in Munich, Bavaria, Germany, founded in 1998. The company operates ImmoScout24, the leading online marketplace for residential and commercial properties in Germany, providing users with tools to search for properties and access market analysis. In recent years, Scout24 has made significant acquisitions to strengthen its position in the real estate brokerage industry. Notably, in December 2024, they acquired bulwiengesa AG, a leading provider of valuation and data services for commercial real estate in Germany. Additionally, they acquired a 75% majority stake in Sprengnetter Group in June 2023, which specializes in property data and valuation services, for approximately EUR 100 million. These strategic moves demonstrate Scout24's commitment to enhancing its offerings in the real estate sector, making it a key player in the industry.

14. ImmoScout24

• Website: immobilienscout24.de
• Type: Corporate
• Headquarters: Berlin, Berlin, Germany
• Founded year: 1998
• Headcount: 1001-5000
• LinkedIn: immobilienscout24

ImmoScout24, founded in 1998 and based in Berlin, Germany, is a leading real estate marketplace that connects individuals and businesses with a wide range of residential and commercial properties. The platform not only facilitates renting, buying, and selling properties but also offers financing options and moving services. ImmoScout24 serves a diverse customer base, including consumers and real estate professionals, making real estate transactions seamless. The company has made several strategic acquisitions to enhance its position in the real estate brokerage sector, including the acquisition of Immoverkauf24 in July 2020, which allows property owners to manage home valuations and connect with suitable agents. Other notable acquisitions include Immobilien.net in May 2014 and wg-suche.de in June 2021, both aimed at expanding their service offerings in the real estate market. These transactions highlight ImmoScout24's commitment to strengthening its role in the real estate brokerage industry.

Real Estate Brokerage Insights: Key Investors in DACH

Investor	Headquarter	Size	Founded	Deals 2024
Picus Capital	Munich, Bavaria, Germany	11-50	2015	28
Axel Springer	Berlin, Berlin, Germany	10001+	1946	1
Partners Group	Baar, Zug, Switzerland	1001-5000	1996	19
Loric Ventures	Berlin, Berlin, Germany	1-10	2016	0
Deutsche Bank	Frankfurt, Hesse, Germany	10001+	1870	32
HV Capital	Flensburg, Schleswig-Holstein, Germany	11-50	2000	28
Ringier	Zurich, Zurich, Switzerland	5001-10000	1833	0
Project A	Berlin, Berlin, Germany	51-200	2012	13
Rocket Internet SE	Berlin, Berlin, Germany	201-500	2007	0
TA Ventures	Frankfurt, Hesse, Germany	11-50	2010	5
Foundamental	Berlin, Berlin, Germany	11-50	2019	7
Allianz	Munich, Bavaria, Germany	10001+	1890	5
Scout24 SE	Munich, Bavaria, Germany	1001-5000	1998	1
ImmoScout24	Berlin, Berlin, Germany	1001-5000	1998	0

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