Stuttgart-based PropTech startup dotega has raised €1.3 million in a pre-seed funding round led by HTGF to enhance its digital platform for self-management of homeowners' associations in Germany.

Information on the Target

dotega, a Stuttgart-based PropTech startup, has successfully raised €1.3 million in fresh capital, collaborating with the High-Tech Gründerfonds (HTGF), one of the most prominent and active early-stage investors in Germany and Europe. The funding will significantly bolster dotega's efforts in advancing the digital transformation of self-management for homeowners' associations (WEGs) across Germany.

The recent pre-seed financing round equips dotega with the necessary momentum to further develop its innovative PropTech platform, which facilitates smart self-management for homeowners' associations. Co-Founder and Managing Director Niklas Mocker expresses confidence in the initiative, stating, "This financing is a strong signal for us – it reaffirms that we are addressing a real market problem and have earned the trust of leading investors. With the support of HTGF and seasoned PropTech investors, we can accelerate our growth, scale our product, and establish self-management as a viable alternative to traditional property management."

Industry Overview in Germany

The property management industry in Germany has faced significant challenges, particularly for smaller homeowners' associations consisting of 2 to 20 units. Many property managers are unwilling to take on these smaller as