Real-estate entrepreneurs with a portfolio of 400 mil.€ projects developed, shareholders in Romanian proptech Sigtree

Speedwell real estate developer, founded by Belgian entrepreneurs Jan Demeyere and Didier Balcaen, joins the shareholding of the property tech start-up Sigtree, launched 3 years ago to optimize property management, tenant engagement and helpdesk services.

Belgian entrepreneurs Jan Demeyere and Didier Balcaen bring extensive international experience, their short-term goal being to launch the Sigtree platform in Belgium, Luxembourg and other European countries.

"It is very important to achieve an accelerated growth of the business and to capture a high percentage of the market. We are glad we’ve managed to raise the interest of experienced investors, who are willing to contribute not only financially, but also with valuable know-how, helping us achieve rapid development of the business. Once we are present in Belgium, the adoption will be much easier in countries like France and the Netherlands", says Vlad Costea, Founder & CEO of Sigtree Technologies.

“The first contact with Sigtree took place in 2019, during a Hackathon organized by Proptech Romania, and since then we have been following the evolution of their solution. The current platform addresses a real need of real estate developers, that of optimizing the process of presenting the benefits, and, at the same time, solve the problems communicated by the new owners or tenants, both in-office and residential projects or retail. I see great potential in scaling this solution internationally and I am glad that I can support the Sigtree team with my experience and network", says Didier Balcaen, Founder and CEO of Speedwell.

Speedwell is one of the most active developers in Romania. Currently, the company has several ongoing projects in Bucharest, including Triama Residence and The Ivy on the residential segment, MIRO office building, and the SPACEPLUS industrial project. In other cities in the country, the company's portfolio includes the mixed-use Record Park ensembles in Cluj-Napoca, Paltim in Timisoara and the residential project with retail functions, Riverside City in Râmnicu Vâlcea. The solution developed by Sigtree will be further implemented in residential, office, retail and industrial projects.

Speedwell is one of the first customers to use the solution developed by Sigtree and constantly helped with feedback, both from an operational perspective and with the opinions of end-users, which led to a constant evolution of the product according to the real needs of the market.

The investment in Sigtree comes as a result of a collaboration between Speedwell and Sigtree for over one year, and the start-ups’ desire to scale the solution internationally, by starting a round of financing on SeedBlink.

Sigtree Technologies is a start-up that brings a new business model to the real estate market, which is meant to improve the experience of real estate developers in communicating with final clients and providers with the help of new technologies AI and IoT.

The Platform allows simultaneous management of multiple real estate projects, personalizing interactions with the final customer, and structuring of the provider’s services. The company was launched in 2018 by Vlad Costea, holder of 10+ years of experience in IT, 8 of which being within the Ericsson multinational company.

At the moment, Sigtree Technologies bears 7 important clients with 22 real-estate projects, 25 office buildings and 1500 apartments.