McMakler, a Berlin, Germany based, tech-enabled, full-service real estate agent, raised €50m in Series C financing.
The round was led by Target Global, and Israel Growth Partners, with participation from existing investors, including Frog Capital. In addition to the equity financing, the round is comprised of an extensive debt component of more than €10m.
The company intends to use the funds to enhance the in-house-technology and digital tools to increase efficiency to provide a faster, transparent and quicker marketing process for sellers and buyers, as well as to further expand its teams in Germany, Austria and France.
Led by founders and Managing Directors are Felix Jahn, Hanno Heintzenberg and Lukas Pieczonka, McMakler is a full-service real estate agent, combining innovative analysis-, marketing- and communication technology with personal on-site advisory by regional real estate agents.
In 2018, the company achieved 500% year-on-year increase in transaction volume with procured real estate volume of €400m.
McMakler currently employs 450 people, including 255 permanently employed real estate agents, in more than 100 locations and urban agglomerations.