Proptech startup Home secures €11M in Series A funding round

This Berlin startup has a goal to change the how people rent property. Recently, it raised €11 million in a Series A round led by Capnamic, EQT Ventures, FJ Labs and Redalpine.

Home acts as both the tenant and the landlord.

Home rents apartments directly from owners, removing the stress and financial risks associated with being a landlord. Owners sign a contract in the Home app in under 30 minutes and, from then on, simply receive their rent. Using data-based evaluations, Home then finds the ideal tenants for the apartments. The tenant experience is transformed, as well; they simply use the Home app and newly installed digital locks to view and move into apartments.

Axel Bard Bringéus of EQT Ventures explained the appeal of such a service:

“The real estate and housing market have barely changed over the last 30 years and the degree of digitization and innovation is, in comparison to other sectors, very low. Home’s Thilo and Moritz are changing this.”

Thilo Konzok and Moritz von Hase founded the company in 2016, with the mission of making the housing market fairer and more transparent for everyone involved. Now the service gets 1,100 landlord requests per month. To meet this demand, the business will expand into new cities, nationally and internationally, throughout 2020.

Read more here