Home has successfully raised significant funding over multiple rounds, establishing itself as a key player in the property management sector. The platform offers comprehensive services to simplify rental property management for owners, covering everything from tenant maintenance to administrative tasks.
Keep reading to delve into the details of Home's fundraising journey and the investors who are backing this innovative platform.
What Is Home?
Home, now rebranded as Buena, is a property management company that simplifies rental property management for owners. Founded in Germany, the company offers a range of services including tenant management, property maintenance, and administrative tasks.
Although the exact founding year and the names of the founders are not explicitly mentioned, Buena has established itself as a reliable partner for property owners across Germany. The company is dedicated to providing efficient and comprehensive property management solutions.
With a focus on making property management as seamless as possible, Buena continues to grow and serve property owners, ensuring their investments are well-maintained and profitable.
How Much Funding Has Home Raised?
- Seed Funding Round
- Amount Raised: Approximately $3.5 million
- Date: August 2017
- Lead Investors: EQT Ventures, Redalpine
- Motivation Behind the Round: The funding is aimed at expanding the app's features to include home design and improvement and to develop an app for tenants to simplify renting and managing amenities like WiFi and utility billing.
- Series A Funding Round
- Amount Raised: Approximately $12.1 million
- Date: January 2020
- Lead Investors: Capnamic, EQT Ventures, FJ Labs, Redalpine
- Motivation Behind the Round: The new capital will be used for product innovation, particularly on the tenant side, and to expand the company's offerings to new cities.
In total, Home has raised approximately $15.6 million.
Key Investors
- Capnamic
- Details: Capnamic is a venture capital firm based in Germany, known for investing in early-stage technology companies. The firm is led by managing partner Jörg Binnenbrücker, who has expressed excitement about Home's vision and market opportunity.
- Investment Focus Areas: Technology, digital business models, software.
- Notable Investments: Adjust, Staffbase, LeanIX.
- EQT Ventures
- Details: EQT Ventures is a European venture capital firm that invests in technology-driven companies. The firm is known for its hands-on approach and extensive network to support portfolio companies.
- Investment Focus Areas: Technology, software, digital health.
- Notable Investments: Wolt, Small Giant Games, Vinted.
- FJ Labs
- Details: FJ Labs is a venture capital firm and startup studio that focuses on early-stage investments. The firm is co-founded by Fabrice Grinda and Jose Marin, who are both seasoned entrepreneurs and investors.
- Investment Focus Areas: Marketplaces, e-commerce, SaaS.
- Notable Investments: Alibaba, Flexport, Betterment.
- Redalpine
- Details: Redalpine is a Swiss-based venture capital firm that invests in early-stage technology and life sciences companies. The firm aims to support innovative startups with scalable business models.
- Investment Focus Areas: Technology, life sciences, fintech.
- Notable Investments: N26, Taxfix, Carvolution.
What's Next for Home?
As Home looks to the future, the opportunities are vast. The company plans to expand its services to seven more German cities and one international city, tapping into a massive market potential. This growth is driven by the increasing use of technology in property management, such as digital locks and comprehensive apps for landlords and tenants.
To support this ambitious expansion, Home may seek additional funding rounds. The need for capital to innovate and scale is evident, especially as they aim to enhance their product offerings. However, rapid growth comes with challenges, including managing service quality and navigating different regulatory environments in new markets.
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