19.12.2018

Helvetia invests in startup from Thurgau

St.Gallen – Insurance company Helvetia is investing in the property technology startup Immoledo. The company from Thurgau has digitised the analysis of building status.

Immoledo, a prop tech with headquarters in Ermatingen in the canton of Thurgau, digitised and therefore enormously simplified the analysis of the status of buildings, it was reported in a press release from Helvetia. The insurance company from St.Gallen is investing in the startup via its Helvetia Venture Fund. Immoledo enables “an individual analysis of a building's structural fabric and the creation of the related investment plan”, without needing to involve an expensive expert. It also allows the building status to be projected dynamically during the utilisation phases of the building, making it possible to determine when the different building components should ideally be replaced.

Digitisation not only simplifies the analysis of building status, but also makes it quicker. Immoledo is substantially faster than conventional methods, cutting the time by up to 80 per cent. The analysis results can also be aggregated across an entire real estate portfolio. Immoledo’s solution can be used for investment properties as well as owner-occupied residential properties.

It is also hoped the collaboration between the two companies from the St.GallenBodenseeArea will extend beyond this investment by Helvetia. “We see great potential in Immoledo and are reviewing the options it offers to simplify the status analysis of our properties,” explains Ralph Honegger, Chief Investment Officer and member of the Helvetia Group's Executive Management. Using this building status analysis before issuing an insurance policy is mentioned as another possibility. “We’re delighted to have found not only an investor but also a partner for the further development of our young business in Helvetia,” says Christian G. Brunner, CEO and founder of Immoledo.