UBS Growth Advisory promotes smino’s construction software
smino AG receives growth financing from Growth Advisory, the start-up promoter of UBS. This will enable the provider of software for planning and construction projects in the real estate industry to push ahead with its international expansion.
Smino can accelerate its international growth plans. The provider of a digital tool for construction projects is receiving an unspecified investment from Growth Advisory, UBS’s financial partner for innovative Swiss start-ups.
This growth funding will also enable smino to realise its vision of a complete Common Data Environment (CDE) platform with a full collaboration approach, according to a media release. It is “a confirmation that we are on the right track”, said CFO Rebecca Büsser.
The young company expects a further boost for its expansion beyond Switzerland from the appointment of Norman Meyer to its board of directors. Meyer is “one of the most influential digital personalities in the German construction industry”. His track record “is impressive and he is an ideal fit for smino”, says Managing Partner Sandor Balogh. “In addition, he is very well connected in the industry.”
Meyer himself sees himself sometimes as a pilot, sometimes as a helmsman for tech start-ups in the real estate industry. Smino has proven itself to be an innovative and user-friendly solution for numerous clients, he is quoted as saying in the statement. “In my 20 years in Professional Real Estate and Digital Innovation, I have learned that a strong, user-centric product and a professional and passionate team are central to success. And smino brings it all.”