# Evana

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/evana

- Industry: Software
- Headquarters: Frankfurt, Germany
- Website: www.evana.de
- Total disclosed funding: $12M
- Latest round: Series B (Jun 2, 2021)
- Investors on record: 4

## About

Based in Germany, Evana AG specializes in providing advanced document management solutions tailored for the real estate industry, enhancing efficiency and compliance through innovative technologies.Evana AG, founded in 2015, is headquartered in Frankfurt, Germany, and focuses on improving document management processes in the real estate sector. The company has secured a total of 2 deals, with its most recent funding round occurring on June 2, 2021, during which it raised EUR 10 million in Series B funding from investors including AC+X Strategic Investments, AM Alpha, PATRIZIA Immobilien AG, and Wecken & Cie. The company was co-founded by Peter Moog, Sascha Donner, and Sascha M., with Mr. Sascha Donner serving as CIPO and Dr. Thomas Herr as CEO.Evana AG offers a comprehensive platform designed to enhance document management within the real estate sector, focusing on key areas such as Asset Management, Property Management, and Facility Management. The company's core offerings include EVANA AI, which automates the classification and extraction of pertinent content from uploaded documents, significantly reducing processing time by up to 25%. Additionally, the EVANA360 platform provides unique global search capabilities, enabling users to locate specific documents among millions efficiently. The system features customizable access controls, ensuring that users only see information relevant to their roles, and adheres to high-security standards, backed by ISO 27001 and TÜV certifications. Evana's solutions cater to a diverse client base ranging from real estate firms to external auditors, and are utilized across various geographical markets including Germany, France, and the United Kingdom.Evana AG generates revenue primarily through a subscription-based model for its document management solutions. Clients typically engage with the company via tiered subscription plans that offer different levels of access to features such as document classification, global search functions, and customized control settings. This structure enables businesses to scale their usage based on project demands and organizational size. Transactions are facilitated through direct sales to B2B clients in the real estate sector, with customers benefiting from the efficiency and organization that Evana's platforms provide. The flagship products, EVANA AI and EVANA360, are central to this revenue model, as they deliver operational advantages to users, further solidifying Evana's position in the market.In June 2021, Evana AG raised EUR 10 million in Series B funding to accelerate the company’s growth. The company plans to develop new products designed to enhance its service offerings, and aims to expand into additional markets across Europe, starting with France and the United Kingdom by 2023. The recent funding will be utilized to support these product developments and market expansion efforts.

## Funding rounds

- Series B, Jun 2, 2021, $12M — AM Alpha, Wecken & Cie, PATRIZIA Immobilien AG, AC+X Strategic Investments

## Investors

- AM Alpha — Series B
- Wecken & Cie — Series B
- PATRIZIA Immobilien AG — Series B
- AC+X Strategic Investments (https://capitalatlas.ai/funds/ac-x-strategic-investments) — Series B