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Why the hardware store group is buying the bathroom renovation start-up Seniovo

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Why the hardware store group is buying the bathroom renovation start-up Seniovo

The start-up’s previous investor consortium includes the venture capitalist IBB Ventures, a subsidiary of the state-owned investment bank Berlin, and PT1 PropTech1 Ventures, a European VC investor for transformative real estate technologies, which are now selling their shares to Hornbach for an undisclosed price. “We will benefit from Seniovo particularly in the area of ​​digital processes, the software specially developed by Seniovo and in relation to the partner network,” Hornbach manager Christa Theurer is convinced.

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