Buena Gets $58M Series A for AI Property Management Platform
Buena already manages over 60,000 residential units across Germany
Berlin-based PropTech startup Buena has closed a $58 million Series A funding round led by GV (formerly Google Ventures), with participation from investors including 20VC, Stride, and Capnamic. The company, which reported over 500% revenue growth in 2024, is targeting Germany's €13.6 billion property management industry with its AI-powered automation platform.
Founded in 2023, Buena already manages over 60,000 residential units across Germany, with 5,000 landlords currently on its waiting list. The company's software automates recurring tasks like bookkeeping while improving accuracy and efficiency. Additional AI features are being developed to assist property managers with annual financial reporting.
The German property management market presents significant opportunities for digitization. According to information from Trending Topics, the sector remains highly fragmented with over 30,000 companies employing an average of just five staff members. The industry faces skilled labor shortages and relatively low customer satisfaction, with over 95% of German property managers still relying on outdated software systems.
Buena pursues a dual strategy: developing proprietary AI-powered property management software while acquiring and digitalizing existing property management teams nationwide. Since 2023, the company has acquired more than 20 property management firms.
"When we began acquiring property managers in 2023, many thought we were crazy," explains CEO Din Bisevac. "Today, AI-powered consolidations are recognized as the future of the service industry." He reveals the company overcame near-bankruptcy to reach $25 million in annual recurring revenue.
Vidu Shanmugarajah, Partner at GV, notes that Buena brings technology to a historically offline sector through its unique AI-led acquisition strategy and product-focused approach.
With a core team of 24 employees, Buena plans significant workforce expansion in 2025 and international market entry. While Germany represents Europe's largest property management market, its homeownership rate of just 46% remains below all OECD member states.
