Frankfurt-based startup, Preventio has raised a €1.35 million funding

Frankfurt-based startup that offers technology to reliably predict building damages, Preventio has raised a €1.35 million funding.

The pre-seed round was led by Futury Capital, an early-stage and growth investor focusing on tech startups.

Andreas Haug, founder and general partner of the venture capital firm Headline, BMH Beteiligungs-Managementgesellschaft Hessen, and angel investors such as Christoph Benner, Marcus Laube, and Alexander Jörger also participated in the round.

The funding will be used by the research and design team to increase their capacity and the predictive maintenance platform to transform an AI-based prototype into a scalable SaaS app.

Building damages, notably tap water damages, lead to billions in damages costs and significant water loss each year.

These damages are a major cost driver for the construction sector and will increase as properties age.

The platform’s solution supports insurance companies, housing associations, and pipe manufacturers in identifying risks and reducing damages.

Founded in 2021 by Andreas Bechmann, Bledion Vladi, and Frederic Büdel, Preventio’s AI solution can predict the probability of tap water damage by analyzing various data points from historical damages.

This eliminates the need of installing sensors, which allows market participants operate more efficiently.

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