Startup accelerator ATechX, the innovation and venture platform of Aroundtown, has added LEG Immobilien to its network of partners. Existing partners include Vonovia, Round Hill Capital, Fifth Wall and noa. The expanded network will allow participating startups to test solutions across a combined portfolio valued at approximately €130 billion.
ATechX works with early-stage companies developing technological, digital or sustainability-focused solutions for different phases of the real estate lifecycle, from planning and financing to management and operations. Its four-month accelerator programme provides access to a network of major industry players and real-world testing environments within the European portfolios of Aroundtown and its partners. The current third cohort will be the first to gain access to the LEG portfolio.
LEG, which owns around 172,000 rental apartments, is one of Germany’s largest listed residential landlords. Its focus on affordable housing, emissions reduction and climate protection aligns with the themes targeted by ATechX. The company has been developing its own innovation initiatives, including intelligent heating control (termios), high-efficiency heat pump deployment (dekarbo) and digital, serial renovation solutions (RENOWATE).
“ATechX’s mission is to rethink the real estate industry by giving unique proptech ideas the opportunity to accelerate into market-ready solutions. With LEG, the accelerator is gaining a strong partner that will empower startups to transform the industry,” said Barak Bar-Hen, CEO of Aroundtown.
LEG’s CEO Lars von Lackum commented: “The collaboration between LEG and ATechX gives us early insights into innovative technologies and enables us to support startups in developing market-ready solutions for the housing industry. Together, we want to shape the living spaces of tomorrow.”