K
1 Investment Management, a leading investor in small-cap enterprise software companies, has announced a strategic investment to combine Singu and Micad, two European-based providers of real estate management software. The partnership creates a comprehensive platform that offers commercial property managers cutting-edge technology to streamline their operations.
The combined entity serves over 100,000 buildings across 35 countries, with Singu's cloud-based software suite bringing strength in facility management, maintenance automation, and sustainability reporting. Micad's platform adds expertise in asset, space, and compliance solutions. K1 will continue to invest in both platforms to ensure they remain at the forefront of innovation.
Notable customers of the combined company include Prologis, CBRE, and Unibail-Rodamco-Westfield. The investment comes as European real estate undergoes rapid digital transformation, with a focus on tenant centricity and 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 property management tasks, including task management for inspections, predictive maintenance, and analytics.
"We are thrilled to partner with Paweł, Peter, and their teams to help scale a European leader in facility management software," said Tarun Jain, Principal at K1. "This is the moment to unify the leading solutions in the space, as property managers across Europe are rethinking how they operate."
K1 will support the combined entity's organic growth and acquisition strategy to deepen product capabilities and accelerate expansion across Europe. The financial terms of the transaction were not disclosed.
Singu provides facility, maintenance, and sustainability reporting management software solutions tailored for the commercial real estate industry. Micad is a leading UK provider of cloud-based property management software for healthcare, education, and commercial real estate sectors.
K1 is one of the largest investors in small-cap enterprise software companies, with over 250 investments since inception. The firm partners with strong management teams of high-growth B2B software businesses to scale AI-powered systems of record.
