Leverton helps banks, insurance companies, industrial companies and law firms to manage their documents.
From Florian Zerfaß
After just three years, Leverton already moved into the world of high finance and big business. The Berlin-based start-up offers a cloud-based software to manage the funds, for example, the company Union Investment Real Estate Portfolios. The software reads contracts and analyzes them with artificial intelligence. If the portfolio manager needs information from it, he no longer has to read the full contracts, but may ask to see the software, the relevant bodies
An example:. A German real estate fund bought a shopping center in Madrid. A little later breaks the canopy and damaged the cart. The German portfolio manager wants to know if he has to pay the repairs yourself or liable for another. In real estate deals quickly get contracts of several hundred pages. Now, instead of even hundreds of pages to sift through authored contracts in Spanish, the manager can let show the places with the Leverton software on which the liability is settled – and have the contents of the contract also display the same translated in German or in another language.
“The advantage is to have quick access to relevant content agreement,” says Leverton CEO Emilio Matthaei. The software can also extract the contents analyzed so that they can be imported into other systems such as SAP. It helps so in the ongoing management of contracts, because, among other date-related information can be displayed automatically in the system.
For example, if a tenant of a commercial property has a special right of termination, recognizes the Leverton software, the date and shows the Portfolio Manager beforehand that soon a special termination right can be exercised. He can then go directly to the relevant treaty body and to see what are the agreed conditions for a special termination. He can then decide whether a dismissal is unlikely if he must seek dialogue with the tenant or maybe should have gone to look for a new tenant.
In the financial sector is also managing credit agreements a Application for Leverton software. The start-up is a spin-off of the German Research Center for Artificial Intelligence, and was in 2012 awarded by the Federal Ministry of Economic Affairs with the Founder’s Prize “ICT Innovation”. 2014 Leverton generated a turnover of more than one million euros, in 2013 it was still less than a third of them. Even more important than the recent steep increases in sales and employees Matthaei is but something else. “We are profitable for two years,” he says proudly
The growth course want to continue Matthaei and his co-founders -. But not at any price. “We want to do our job well, adjust capable people and expand our technology further. Then we come long before already. We do not have as many start-ups are growing rapidly, so that the story will continue to operate. “
Also, Daniel Hopp, son of SAP co-founder Dietmar Hopp, Leverton trust too much. In the first round of financing in June he reached with his DAH Beteiligungs GmbH and bought for five million euros 20 percent stake
Start. 2012
Founder: Reinhard Edelmann, Florian Kuhlmann, Emilio Matthaei (pictured from left), Lorenzo Matthaei
employee 30
customer more than 50 (including Goldman Sachs, German Bank, Linde, Bilfinger, Strabag, Jones Lang Lasalle, Clifford Chance)
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