Founded by entrepreneur Felix Hemmerling and software engineer Julien Casse, both coming from the RegTech and Fintech sectors, kodehyve is a PropTech venture focusing on property developers’ digital transformation, implementing Fintech and RegTech technologies in the real estate world. Launched in the midst of the pandemic in early 2020 and one of the fastest growing companies in the BeNeLux at the moment, kodehyve effectively builds a cutting-edge property development operating system (or ERP) providing an end-to-end solution to the real estate ecosystem as a whole. The OS powers property developers and their collaborators to plan, manage, commercialise and analyse their new construction projects more efficiently all while providing a seamless user experience to all stakeholders involved, ensuring full compliance with applicable regulations and leveraging data.
kodehyve OS acts as a collaboration catalyst for the entire industry, hence reconciling a diversity
of real estate professionals and their data from a fragmented and highly heterogeneous environment into one powerful platform.
The company closed €2.6M in private equity financing led by their existing and new investors. Following this round, the board of managers has been enlarged from 2 to 5 board observers including Michel Lempicki (previously CEO at StatPro acquired by Confluence in 2019), Marc Thill and Pit Reinert, experienced entrepreneurs, administrators and investors appointed to strategically advise the founders on their mission to scale kodehyve internationally. Founding investors continue to serve the board: Laurent Schonckert (CEO at Cactus) as non-executive director and John Li (previously Chairman and MD at KPMG) as board observer.
Founders’ journey and vision
From their personal experiences in real estate, the founders identified major pain points in property development and construction. The entire sector is lagging behind in terms of digitalisation, scarred by inefficient and outdated processes and stunted by a lack of available sector-specific technologies, triggering collaboration and transparency issues.
A key differentiator stemming from the founders’ vision is that kodehyve strives to positively impact the real estate ecosystem as a whole and not just help property developers. Addressing collaboration and transparency across the industry by connecting all stakeholders, including real estate funds, construction companies as well as architects, engineers, Government bodies and investors, kodehyve has found their sweet spot and USP in the PropTech market.
kodehyve aims to use the funds to fuel future product development as well as scaling business development activities. Regarding product development, kodehyve plans to focus on their flagship and eponymous platform: kodehyve OS. The company rapidly extended its project management and customer relationship management solution into a complete operating system.
“To maintain our current momentum, we will ramp up our product development efforts to further
develop and automate advanced property development processes. Our current focus lies on compliance aspects, namely through automated KYC and AML processes, as well as business intelligence modules that leverage data to support property developers’ informed decision making. Simultaneously, our team at kodehyve is working on scaling our infrastructure and stand-alone services. We are striving to automate as many of the many property development processes as possible to help unlock time and efficiency and quality gains”, Felix Hemmerling, CEO at kodehvyve
On the business development side, the venture plans to scale their activities to onboard more customers and support international growth. kodehyve aims to expand internationally and targets dynamic real estate markets such as Portugal, Switzerland and the UK, amongst others.
To sustain such growth and expansion, kodehyve will strengthen their talent pool to ensure the brightest team members are around.
The company has experienced a x6 growth in terms of clients and so has evolved their main product. In one year kodehyve OS has become a complete operating system dedicated to property development, not only including customer lifecycle management and project management, but also financial management, business intelligence and compliance modules. That way, the solution solves the majority of use cases occurring in the industry.
Furthermore, kodehyve also launched a new standalone e-signature platform dedicated to all kinds of real estate professionals: kodehvye sign. The latter was launched under the brand lux-sign in collaboration with Luxembourg Chamber of Real Estate, LuxTrust and AWS for the local Luxembourg market.
On the human capital side, the team has grown 5x since the last raise to reach more than 16 members, including Amazon and AWS veterans as well as UCLA and SciencesPo Alumni. Led by its development, the company reinforced its data and engineering team to support product development and created a first growth team with business development, marketing and customer success roles to reinforce and support the company’s growth. kodehyve also extended their leadership team and appointed Véronique Ziliotto as Head Of Product, directly coming from AWS.
Within the context of its development and international ambitions, the venture recently refreshed its brand image and visual universe to better reflect the established company that it is today, hence accurately describing what kodehyve is and what its team stands for. This new visual universe was deployed in September through the launch of the new website and the release of a new brand video.