Commercial property platform Rialto closes significant new investment led by Landmark Information Group.
Tuesday, January 26, 2016 — Following the completion of a fresh round of financial investment, commercial property software firm Rialto is targeting aggressive growth in the commercial property market in the UK and Europe.
The funding round, led by Landmark Information Group, enables Rialto to accelerate its growth by supporting new development of its marketing and collaboration platform for commercial landlords and agents.
Rialto’s software-as-a-service product provides commercial landlords, developers and agents with a real-time view on current availabilities, leasing activities, viewings and asset performance, therefore helping to manage, market and fill vacant properties more quickly. By allowing leasing teams and their agents to track and collaborate concurrently, it creates time savings, while delivering complete visibility and greatly improving communication between all parties.
Rialto attracted its first client, KBC Real Estate in Belgium, almost before it was out of the concept stage. Since then it has secured a number of blue-chip clients in the UK and Europe, and has enjoyed a high level of engagement from both landlords and their agents.
According to James Young, Partner at Cushman & Wakefield and agent on the 7,000,000 square feet Silvertown Project in London:
"Rialto gives us a terrific platform to be able to share live enquiries with the whole Silvertown team, thereby making our reporting process more streamlined than ever before.”
Adds Juliette Morgan, Partner at Cushman & Wakefield:
"The Rialto team really impressed us with their insightful development of a software solution which will revolutionise communication between landlords and agents with real time data suites and accurate information on demand. It's got lots of potential to change how the industry does business and we look forward to working alongside Rialto to scale their promising business."
The London and Antwerp-based business originally received its first investment in early 2015 from Seedcamp and Pi Labs, Europe's first property tech accelerator, and has rapidly brought on board key anchor clients including KBC Real Estate, Mitsubishi Real Estate and Triuva. Pi Labs counts both Cushman & Wakefield and Spire Ventures as strategic partners.
Led by Landmark Information Group, the leading UK property data business and part of dmg information, and Pi Labs, a number of London-based angel investors have also participated in this latest round of funding. This has culminated in an investment, of an undisclosed sum, which enables the team to enter ‘phase two’ of its European expansion plans.
Mark Milner, CEO of Landmark Information Group, commented:
“Rialto solves a fundamental issue facing commercial landlords and we saw a real window of opportunity for them to make a big impact in the way in which landlords and agents share, update and communicate with one another. We have been impressed by the team and their ability to identify a need and rapidly develop products to solve it. We have made a strong commitment to Rialto and aim to increase our stake in the company over the next few years.”
Didier Vermeiren, founder and CEO added:
"We are excited to have Landmark Information Group on board to help grow the business. They immediately understood our vision and the opportunity that we are addressing. Besides financial support, Landmark’s experience in property information markets will add considerable value to Rialto. With the new investment we will be able to develop and deliver a better product to many more customers."
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Notes to Editors:
Rialto’s founders, Didier Vermeiren and Nicolas Kint, are both Belgians who have long-standing experience in the European property tech industry. Nicolas was one of the founders of parking management platform Carambla, before he joined forces with Didier, who set up the property inspection platform SmartCheckups, which received backing from ImmobilienScout, Germany's largest real estate portal.
Rialto is a marketing and collaboration platform for commercial property landlords and agents. It has developed a software as a service product which allows commercial property investors and developers to manage and market all vacant office and warehouse availabilities more effectively. The platform allows both internal leasing teams and their disposal agents to track and collaborate on all tenant enquiries in real-time. Visit www.rial.to.
About Landmark Information Group:
Landmark Information Group supports technology innovation and entrepreneurial ventures in the property, land and environmental markets. It has a successful track record of investments and acquisitions in the property technology space, including Promap in the UK and on-geo in Germany, and through parent company dmg information it is actively involved in a range of commercial real estate technology companies, including Xceligent, Real Capital Analytics and SiteCompli in the US and PropStack in India. Landmark Information Group is headquartered in the UK and is part of Daily Mail and General Trust plc (DMGT). Visit http://www.landmark.co.uk