The Venture Codex

Participated · Seed · Aug 2022

Wowflow is a Vienna-based work management and collaboration platform built for facility management teams such as cleaners and maintenance personnel. The product centralizes communication, task coordination and documentation to address misaligned schedules, lost data and overloaded channels. It lets managers coordinate work between employees and external contractors, enabling more delegation and helping service providers win customers. Founder and CEO Drazen Ivanis is a former facility manager and started the company to simplify building maintenance workflows. Wowflow plans to improve the user experience for field workers, enable seamless multi-company collaboration, and build integrations with leading Computer-Aided Facility Management (CAFM) and ERP software providers. The company recently raised a seed round of €1 million to support expansion in German-speaking markets and to accelerate those integrations. Wowflow is a Vienna-based, mobile-first collaboration and workflow platform for facility maintenance teams, founded in 2018 after a co-founder experienced operational challenges leading a mall maintenance team. The product focuses on making field-team alignment intuitive, improving work efficiency and transparency for managers, and lowering operational costs for property owners. Over 25 companies have started using Wowflow and the company cites clients such as Forstinger and Reiwag Facility Services. Wowflow says it tripled its revenues in 2020 amid accelerated digitalization of the real estate sector and growing outsourcing of facility services. The company plans to use funding to accelerate sales and invest in product features to improve collaboration with external service providers, enable asset and equipment management, and automate repetitive tasks like scheduling and reporting.

Participated · Seed · Oct 2021

Founded in 2021 and headquartered in Berlin, Green Fusion provides AI-powered software that monitors heating systems in real time, identifies inefficiencies, and implements adjustments to save energy and reduce CO2 emissions. Its solution targets apartment buildings and housing companies, and Green Fusion reports an average 16% reduction in heating expenses for customers. The company serves more than 100 housing companies managing over 800,000 rented apartments, with clients including Gewobag, Rheinwohnungsbau, and Spar- und Bauverein Dortmund. Reported savings translate to over €233,000 annually for a portfolio of 100 heating systems after installation and software costs. Growth plans include equipping 3,000 apartment buildings by 2025 (a 300% increase) and expanding into France and the Benelux region. Green Fusion also plans a dedicated unit to integrate renewable energy systems into its technology to future-proof heating infrastructures. Green Fusion builds a cloud-based energy manager for the intelligent control of heat, electricity and e-mobility in buildings. It focuses on hybrid heating systems such as heat pumps plus gas boilers and on coupling to photovoltaic systems and electric vehicle charging stations. The company uses machine learning to increase system efficiency, enable predictive maintenance and aims to improve efficiency by up to 20%, reducing costs and CO2 emissions. Its software targets housing corporations, private owners, contractors, municipal utilities and other operators of building energy supply systems. The first projects in the real estate industry have already been implemented. Green Fusion recently secured €225K in pre-seed funding and is expanding its team to further develop its product.