You often describe Odevo as a ‘tech-enabled service provider within residential property management’ - what does that mean?

In simple terms, Odevo helps residential property owners take care of their buildings and all aspects of accounting, administration, invoicing, on-site services, renovations and much more. We have a number of local brands, part of our Group, with strong client relationships and many years of experience in their respective markets. Through our size and unique capabilities, we can help them improve their service while making the work more efficient - often supported by tech and innovation.

Our company was founded on the combined power of people and technology and since the beginning, we have focused on delivering end to end solutions for an industry that traditionally has been slow in innovation. We currently have more than 100 software developers who constantly improve and enhance our proprietary tech platform.

For someone who doesn’t have your full story - why is Odevo an exciting company in your opinion?

There are many reasons! Let me give you an example, I am the chairman of my home association, so I know from personal experience how difficult and time consuming it is to manage everything that happens in a building. And at the same time, the home is one of the biggest investments you make as a person. That's why it is really exciting to be part of a company that takes on this challenge and industry - today we manage more than 1.2 million homes across Europe and the US.

Another reason is that residential real estate is the world's largest asset class and we’ve now built a solid set-up from scratch together with Fidelio. When we started, we were approximately 50 people and four software developers, now we are approximately 6,000 people of which 100+ are software developers. I think we’ve found the perfect mix of a true long-term vision, trust, and creative collaboration needed to get Odevo to where we are today: on a very exciting growth journey.

What is the partnership with Fidelio like?

We have a very close collaboration. Right from the beginning I realized that we share the same values, the high ambitions and potential we see for Odevo, and we’re in it for the long run. With that said, we’ve had to change and challenge our ambitions many times – simply because we’ve achieved them faster than we expected in the beginning.

How important is the US in a next stage?

We’re now well-positioned to continue our expansion in the US. We entered in the second half of 2022 and it is already today our largest market. There is still a great deal of potential in our current markets, including the US, as well as in other markets that are yet untapped by us.

Growing through acquisitions can sometimes take a toll. How do you tackle that task?

By being focused on finding and partnering with companies that have been built with the right culture and leadership. Our criteria for acquiring a company extends beyond mere performance; we also assess the treatment of their employees and clients. We pursue acquisitions because we believe the company is effectively managed with untapped potential, and that our involvement will bring additional value. Our ambition is to support our local teams to keep doing what they clearly do well and excel at that. Group functions assist our local teams in areas where they might not have the resources to move to the next level on their own and where we, thanks to our scale, capabilities, tech and experience, can contribute.

So, what’s next for Odevo?

We’re getting ready to enter new markets – both geographies and service verticals. Doing so means expanding our tech- and service offerings, as well as capabilities where we, with a unique position as a gatekeeper and trusted partner to more than a million homeowners, can provide value to all stakeholders in that huge ecosystem of residential properties and related services. It is a very important part of our strategy, to keep moving vertically in different parts of the value chain, to include procurement or insurance, for example.

And at the same time, we stay focused on keeping our company culture, something that could be challenging when the company has grown and multiplied in size year by year. For us, I think to embrace and keep the culture is our most critical asset and key to our success today, as well as in the future.