Vonovia and ATechX partner to drive innovation in proptech

European residential real estate company Vonovia has partnered with ATechX, a startup accelerator focused on proptech, to foster innovation in the industry. 

Vonovia HQ

Vonovia will contribute its extensive experience in managing over 500,000 apartments across Germany, Sweden, and Austria to help startups develop and refine solutions for challenges in areas such as energy efficiency, IoT, and construction digitalization. 
Initiated by Aroundtown, ATechX serves as a hub for innovation in the property sector, connecting leading industry organizations with emerging startups. This partnership network, which encompasses entities such as noa, Fifth Wall, and Round Hill Capital, is designed to provide startups with the chance to solve real-world industry problems and jointly develop innovative technologies alongside experienced partners.
Alexander Weihe, head of Corporate Development at Vonovia, said: “As a major housing company with significant impact on the industry, we see it as our responsibility to drive sustainable innovation in our sector. By supporting startups and initiatives like ATechX, we aim to create tangible solutions that benefit our tenants and promote the ongoing modernization of the industry and our operations.”
Barak Bar-Hen, CEO of Aroundtown, added: “With the involvement of Vonovia, the ATechX program will benefit from deep market knowledge and extensive expertise. “Innovations must prove themselves in day-to-day operations. Through this cooperation with Vonovia, we will help shape the future of urban living and make an important contribution to sustainable development.”