K1 invests in Singu and Micad for real estate management software.

K1 Investment Management has invested in a strategic combination of Singu and Micad, two European-based real estate management software providers. The partnership creates a comprehensive platform that serves over 100,000 buildings in 35 countries. Singu brings expertise in facility management and maintenance automation, while Micad adds asset, space, and compliance solutions. K1 will invest in both platforms to expand AI capabilities and scale the global team to support customers.

K1 Investment Management, LLC has announced a strategic investment to combine Singu and Micad, two European-based providers of real estate management software. The partnership aims to create a comprehensive platform that will offer commercial property managers leading-edge technology to streamline their operations.

The combined entity, backed by K1, will integrate its product offerings, expand AI capabilities, and scale its global team to further support customers. Singu, based in Kraków, Poland, provides facility, maintenance, and sustainability reporting management software solutions tailored for the commercial real estate industry. Micad, based in Altrincham, England, is a leading UK provider of cloud-based property management software for healthcare, education, and commercial real estate sectors.

Together, the combined entity serves more than 100,000 buildings comprising over 250 million square meters in 35 countries. Singu's cloud-based software suite brings strength in facility management, maintenance automation, and sustainability reporting, while Micad's platform adds expertise in asset, space, and compliance solutions. K1 will continue to invest in both platforms to ensure each remains at the forefront of innovation, delivering significant value to property owners and managers throughout Europe and the rest of the world.

Notable customers of the combined company include Prologis, CBRE, the National Health Service, Logicor, the University of Cambridge, and Unibail-Rodamco-Westfield. The investment comes as European real estate undergoes rapid digital transformation, with an increasing focus on tenant centricity and heightened demand for operational efficiency.

The combined platform delivers preventive, reactive, and predictive maintenance capabilities; compliance management tools; mobile-first operations for on-site technicians and property managers; and automated sustainability reporting. Both companies are using AI to automate the management of properties, including AI-produced task management for inspections, AI-driven predictive maintenance, and AI-powered analytics, ultimately automating operational workflows for end users.

K1's investment reflects its commitment to scaling vertical software leaders through hands-on operational support, strategic M&A, and long-term partnership with management teams. K1 will support the combined entity's organic growth and acquisition strategy to deepen product capabilities and accelerate expansion across Europe.

Financial terms of the transaction were not disclosed.

References:
[1] https://www.prnewswire.com/news-releases/k1-combines-micad-and-singu-to-transform-european-commercial-real-estate-technology-302517385.html