Total amount raised
$16.2 Millions
Latest funding date
1/1/2020
Location
Home has successfully raised $16.2 million over two funding rounds, positioning itself as a growing player in the property management sector. The platform is dedicated to making housing better for everyone by simplifying the responsibilities of property owners through its comprehensive services.
Keep reading to explore the intricacies of Home's fundraising journey and the investors backing this innovative platform.
What Is Home?
Home, founded by Moritz von Hase, is a Berlin-based startup dedicated to improving housing for everyone. The company operates throughout Germany and offers comprehensive property management services.
With a team of 11-50 employees, Home handles tasks such as tenant management, maintenance, rent collection, and administrative duties, allowing property owners to enjoy more free time.
Since its inception, Home has been focused on making housing better for everyone, positioning itself as a growing player in the property management sector.
How Much Funding Has Home Raised?
- Seed Funding
- Amount Raised: €3 million
- Date: August 2017
- Lead Investors: EQT Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Simplify property management for landlords and improve the rental experience for tenants.
- Series A
- Amount Raised: €11 million
- Date: January 2020
- Lead Investors: Capnamic, EQT Ventures, FJ Labs, Redalpine
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Product innovation and expansion to new cities to enhance tenant experience and simplify landlord responsibilities.
Home has raised a total of $16.2 million in funding. The current valuation is not publicly disclosed.
Key Investors
- Capnamic
- Details: Capnamic is a venture capital firm based in Germany, known for investing in early-stage technology companies. Jörg Binnenbrücker, managing partner, has expressed excitement about Home's vision and market potential.
- Investment Focus Areas: Technology, SaaS, Digital Media
- Notable Investments: Adjust, Staffbase, LeanIX
- EQT Ventures
- Details: EQT Ventures is a European venture capital firm that invests in technology-driven companies. Lars Jornow, a Partner and investment advisor, praised Home's founders for their energy and deep understanding of the German property market.
- Investment Focus Areas: Technology, Healthcare, Fintech
- 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 known for its extensive portfolio and global reach.
- Investment Focus Areas: Marketplaces, E-commerce, SaaS
- Notable Investments: Alibaba, Flexport, Rappi
- Redalpine
- Details: Redalpine is a Swiss-based venture capital firm that invests in disruptive and scalable business models. They have been involved with Home since the seed funding round.
- Investment Focus Areas: Technology, Healthcare, Fintech
- Notable Investments: N26, Taxfix, Zenjob
What's Next for Home?
Home is poised for significant growth, with plans to expand its services to seven more German cities and one international city by the end of 2020. This expansion represents a massive opportunity to capture a larger market share and enhance the rental experience for both landlords and tenants. The company's focus on product innovation, particularly on the tenant side, aligns with industry trends favoring technology-driven solutions in property management.
Future fundraising opportunities seem likely as Home continues to scale. The success of their Series A round and ambitious expansion plans suggest that additional investment rounds could be on the horizon to support further growth. However, challenges such as managing rapid expansion, navigating different regulatory environments, and maintaining service quality across new markets will need to be addressed. Balancing the needs of landlords and tenants as the company scales will also be crucial for sustained success.
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