Home, a Berlin, Germany–based company dedicated to improving the housing experience, raised an €11m Series A funding round.
Backers included Capnamic, the EQT Ventures fund, FJ Labs and Redalpine.
The company intends to use the funds to increase product innovation, particularly on the tenant side, as well as drive the expansion of its offering into new cities.
Co-founded in 2016 by Thilo Konzok and Moritz von Hase, Home rents apartments directly from owners Owners sign a contract in the app and, from then on, receive their rent. Using data-based evaluations, the company then finds the ideal tenants for the apartments. After the start in Berlin and the expansion to Munich and Hamburg, Home will be active in ten german cities and will have launched its first international market by the end of 2020.
Every month more than 1,100 landlords request an offer from the app.