The round was led by amberra, the venture studio of the Cooperative Financial Group, with NRW.BANK as a new investor and participation from existing backers including Schwarz Group, HTGF, vent.io and Vantage Value. Founded in 2021, syte combines land data with AI-driven analytics to help developers, banks and brokers assess building potential, regulations and economic viability in minutes.
Syte's platform covers more than 62 million parcels across Germany and serves over 200 customers. The company plans to use the €9 million to further automate pre-construction planning and expand into other European markets.