SGT German Private Equity: VC investment AuctionTech focuses on Artificial
Intelligence

EQS-News: SGT German Private Equity GmbH & Co. KGaA / Key word(s): Strategic
Company Decision
SGT German Private Equity: VC investment AuctionTech focuses on Artificial
Intelligence

22.03.2024 / 14:02 CET/CEST
The issuer is solely responsible for the content of this announcement.

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+++ Press release +++

SGT German Private Equity: VC investment AuctionTech focuses on
Artificial Intelligence

  * PropNow is the leading platform for digital offer processes for real
    estate sales in
    Europe

  * More than 6,000 offer procedures with a transaction volume of over 2
    billion EUR already completed

* Active in 10 European countries


Frankfurt/Main, 22 March 2024 - AuctionTech, a Berlin-based software
provider for dynamic market pricing solutions of real estate and operator of
PropNow.com, the leading platform for digital bidding/offer processes in the
real estate sector, will increasingly focus on artificial intelligence (AI)
for further development and international growth. PropNow is the market
leader in Europe with its platform for digital management of purchase offers
and bidding processes. The platform offers a SaaS-based solution that is
primarily used by professional real estate agents. To date, over 6,000 offer
processes with a transaction volume of around 2 billion euros have been
successfully completed via PropNow with over 100,000 participating prospect
buyers. With PropNow, real estate agents and professional sellers not only
achieve faster sales results and higher sales prices, especially in the
current market situation, but also greater customer satisfaction thanks to a
transparent and convenient process flow.

For the further development of PropNow, CEO Jan Thiel sees enormous
potential with the integration of AI: 'AI will play an important role not
only in the automation of offer processes, but above all in the targeted
analysis of the property and the selection of the optimal parameters of the
offer process, as well as better pre-qualification of prospective buyers. We
will also use AI-based tools and technologies in the support area and in the
implementation of customer-specific solutions. This will enable us to
achieve even better sales results for our customers, implement new solutions
and functionalities more efficiently and accelerate the development of new
markets. PropNow is already present in 10 European countries and offers its
digital offer platform in 7 languages. As a white-label software solution,
PropNow is the technology platform behind almost all major German-speaking
real estate networks and also works very closely with the world's largest
brokerage firms in the field of 'digital bidding'.

From a strategic perspective, Jan Thiel sees the utilization of AI as
another key success factor that can significantly increase both the
efficiency and the quality of the sales results achieved by the digital
offer management platform, thus providing a launchpad that will accelerate
the company's continued successful growth and internationalization. He adds:
'AI will fundamentally change the real estate industry - away from a
'one-size-fits-all' approach with standard property brochures and fixed
prices, towards a far more individualized positioning and more target
group-specific marketing of individual properties. This will lead to much
more dynamic market pricing. And this is precisely where PropNow comes in
with its digital offer management solution, creating the opportunity to
achieve the optimum market price in the shortest time possible.'

Christoph Gerlinger, CEO of SGT German Private Equity, lead investor and
largest shareholder of AuctionTech, adds: 'Artificial intelligence will not
only bring efficiency gains for AuctionTech, but will also significantly
increase customer benefits by recognizing patterns in property valuation and
bidding behaviour. AuctionTech thus remains one of the innovation leaders in
the digitalization of real estate sales.'


About SGT German Private Equity

SGT German Private Equity is a listed investment holding based in Frankfurt
am Main.

From mid-March 2024, the company will focus entirely on artificial
intelligence and change its name to 'German AI Group'.

From its origin as a leading German venture capital provider under the
former name German Startups Group, SGT German Private Equity holds a
heritage portfolio of minority stakes in some promising German Tech
Startups.


About AuctionTech

AuctionTech.com develops and operates tailor-made, white-label solutions for
online auctions of real estate, art and luxury objects, and offers them via
a Software-as-a-Service (SaaS) model worldwide. AuctionTech pioneered the
unique Live Video Auction, enabling to run and broadcast digital live
auctions from anywhere in the world to any device worldwide in true
real-time. Based on its proprietary technology platform, over 110,000 items
have been auctioned and numerous world records for online prizes have been
achieved.

With its PropNow.com platform for real estate sales, AuctionTech offers
innovative end-to-end digital auction and sales solutions that enable
achieving the best market price in the shortest time as well as higher
customer trust through a fully digital and transparent process. In addition,
full integration into existing IT systems creates significant efficiencies
and time savings for real estate professionals.

AuctionTech operates worldwide and is based in Berlin. The company is
venture capital financed. The lead investor and largest shareholder is SGT
German Private Equity, a leading publicly listed German VC investor.

Investor Relations Contact

Rosenberg Strategic Communications
Dirk Schmitt
d.schmitt@rosenbergsc.com
+49 170 302 8833


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   Language:       English
   Company:        SGT German Private Equity GmbH & Co. KGaA
                   Senckenberganlage 21
                   60325 Frankfurt/Main
                   Germany
   Phone:          069-348690520
   Fax:            069-348690529
   E-mail:         info@sgt-germanpe.com
   Internet:       www.sgt-germanpe.com
   ISIN:           DE000A1MMEV4
   WKN:            A1MMEV
   Indices:        Scale 30
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Scale), Hamburg, Tradegate Exchange
   EQS News ID:    1865589

End of News EQS News Service
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1865589 22.03.2024 CET/CEST