The student housing property management industry in DACH (Germany, Austria, Switzerland) focuses on providing accommodation solutions tailored for students and young professionals. This sector has seen significant growth, driven by increasing enrollment rates in universities and a rise in mobile populations. Companies in this space offer co-living properties, furnished apartments, and tech-driven rental platforms designed to simplify the housing process. The future points towards greater integration of technology to meet demands for flexibility, affordability, and sustainability, highlighting a shift from traditional models to more innovative living environments that cater to the unique needs of urban student life.


The list highlights nine notable investors in the student housing sector across DACH. These investors range from corporate giants like Axel Springer in Berlin to venture capital firms such as HV Capital and Cherry Ventures, with headquarters spreading from Munich to Zurich. Their firm sizes vary significantly, with some managing small teams while others boast more than 10,000 employees. Notably, their dealmaking activity in 2024 shows a vibrant commitment to investing in student housing solutions, with a collective focus on expanding opportunities and adapting to market demands.


Top 9 Student Housing Property Management 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. In recent years, Picus Capital has also made significant investments in the co-living space, which is closely related to student housing. Notably, they participated in funding rounds for Habyt, a coliving company that has merged with competitors and operates over 5,000 units across multiple cities and countries. Additionally, Picus Capital invested in Cove, a co-living startup based in Singapore, which aims to expand its room count and geographical footprint. These transactions highlight Picus Capital's commitment to supporting companies that provide modern living solutions for students and young professionals, making them a relevant player in the student housing property management sector.


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 committed to independent journalism and leveraging technology to enhance its media offerings. In recent years, Axel Springer has also ventured into the proptech sector, notably investing in Wunderflats, a platform for temporary furnished housing that has raised multiple funding rounds, including significant investments in 2019 and 2021. These transactions highlight Axel Springer's interest in the housing market, particularly in solutions that cater to the needs of students and young professionals seeking flexible living arrangements. Additionally, their investment in Vermietet.de, a platform that facilitates rental processes, further underscores their engagement in the real estate space.


3. 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. With over €2.8 billion under management, HV Capital specializes in investing in digital companies and supporting entrepreneurs from seed stage to exit. They have been actively involved in the coliving sector, which is relevant to student housing. Notably, they participated in a Series B funding round for Habyt, a coliving company that has merged with competitors and now operates over 5,000 units across 15 cities and 6 countries. Additionally, HV Capital has invested in homefully through multiple funding rounds, indicating a strong interest in innovative housing solutions that cater to young adults and students. Their strategic guidance and capital support help these companies navigate growth challenges and achieve market success, further solidifying their relevance in the student housing property management context.


4. 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 early-stage technology startups across various sectors, including HealthTech and FinTech, providing capital and strategic support to help these startups grow. Notably, TA Ventures has been involved in several transactions relevant to the real estate and property management sectors. For instance, they invested in June Homes, a real-estate technology startup that has raised significant funding to provide flexible housing solutions, which can cater to students. Additionally, they have invested in Wunderflats, a platform that connects tenants with furnished apartments, which could also serve the student housing market. These investments highlight TA Ventures' engagement in the property management space, making them a noteworthy player in the context of student housing.


5. Aareon Group

  • Website: aareon.com
  • Type: Corporate
  • Headquarters: Mainz, Rhineland-Palatinate, Germany
  • Founded year: 1957
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: aareon-ag

Aareon Group, founded in 1957 and based in Mainz, Rhineland-Palatinate, Germany, is a corporate investor specializing in SaaS solutions for the property management industry. They provide a comprehensive property management system designed to streamline operations, enhance customer engagement, and promote sustainability for housing owners and managers. Aareon has been active in expanding its capabilities through strategic acquisitions, including Arthur Online in December 2020, Wohnungshelden in August 2021, and IESA Technological Communities in August 2023. These acquisitions indicate Aareon's commitment to enhancing its service offerings, which can be beneficial for managing various types of properties, including student housing. Their recent funding round for Stonal in May 2024 further demonstrates their active role in the property management sector.


6. Cherry Ventures

  • Website: cherry.vc
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2012
  • Headcount: 11-50
  • Number of deals in 2024: 25
  • LinkedIn: cherry-ventures

Cherry Ventures is a Berlin-based venture capital firm founded in 2012, specializing in early-stage investments across Europe. The firm focuses on providing capital, mentorship, and resources to innovative startups in various sectors, including SaaS and mobility. Notably, Cherry Ventures has participated in funding rounds for companies like Homelike, which is a leading marketplace for long-term business apartments, raising significant amounts in both Series A and Series B rounds. Additionally, they have invested in Numa, a company that raised €55M in a Series C funding round, which operates in the hospitality and accommodation sector. These transactions highlight Cherry Ventures' engagement in the real estate and property management space, making them a relevant player in the context of student housing.


7. Vorwerk Ventures


Vorwerk Ventures is a venture capital fund based in Berlin, Germany, founded in 2007. The firm specializes in investing in early-stage startups across various sectors, including consumer products, food, health, and climate. They provide seed and Series A funding, along with follow-on investments, to support innovative companies that aim to create a positive impact. Notably, Vorwerk Ventures has invested in Habyt, a Berlin-based startup that focuses on providing longer-term accommodations and has raised significant funding in Series B and C rounds. Additionally, they have been involved with Homefully, which also operates in the coliving space. These transactions highlight Vorwerk Ventures' commitment to supporting companies that are enhancing the student housing and property management landscape.


8. The Delta

  • Website: thedelta.io
  • Type: Corporate
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2015
  • Headcount: 201-500
  • Number of deals in 2024: 2
  • LinkedIn: the-delta-studio

The Delta is a venture capital firm based in Berlin, Germany, founded in 2015. It focuses on supporting ambitious founders in building industry-leading ventures by providing essential resources such as product development, marketing expertise, and capital management. The Delta operates within the startup ecosystem, fostering a collaborative network to help startups grow. Notably, The Delta participated in a significant transaction involving DigsConnect, a South African-based digital student accommodation platform, which secured pre-Series A funding from The Delta and other investors. This investment highlights The Delta's engagement in the student housing sector, showcasing its commitment to supporting innovative solutions in this market.


9. Serpentine Ventures

  • Website: serpentine.vc
  • Type: Venture Capital
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2019
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: swiss-startup-capital

Serpentine Ventures AG is a venture capital firm based in Zurich, Switzerland, founded in 2019. The firm specializes in managing investments in early-stage technology ventures, providing venture capital and investment management services to high net worth individuals, professional investors, and institutional clients. With a team of experienced professionals, Serpentine Ventures helps clients navigate the venture capital landscape and identify promising investment opportunities. Notably, they have participated in several transactions, including a significant investment in Properti, a Swiss proptech company that raised funds to expand its platform, which is relevant to property management. This involvement in the proptech sector highlights their interest in innovative solutions that could impact the student housing market.



Student Housing Property Management Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
Picus CapitalMunich, Bavaria, Germany11-50201528
Axel SpringerBerlin, Berlin, Germany10001+19461
HV CapitalFlensburg, Schleswig-Holstein, Germany11-50200028
TA VenturesFrankfurt, Hesse, Germany11-5020105
Aareon GroupMainz, Rhineland-Palatinate, Germany1001-500019571
Cherry VenturesBerlin, Berlin, Germany11-50201225
Vorwerk VenturesBerlin, Berlin, Germany11-5020077
The DeltaBerlin, Berlin, Germany201-50020152
Serpentine VenturesZurich, Zurich, Switzerland11-5020192


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