HousingAnywhere, a Rotterdam, The Netherlands-based housing platform, acquired Studenten WG, a Hanover, Germany-based classifieds website.
The amount of the deal was not disclosed.
With the acquisition, HousingAnywhere, which has an existing leadership position in cities like Berlin, Vienna, and Rotterdam, will immediately gain market share in an array of German cities. Following it, both tenants and landlords advertising on Studenten-WG will be directed to the HousingAnywhere platform, where they will be granted access to the its portfolio and all of its technological solutions to finding accommodation or tenants.
Founded in 2000 as a student project by Sebastian Stadtlich and Thomas Winkler, Studenten-WG has since become a among German students searching for accommodation in Germany and Austria. Today, the platform boasts more than 20,000 active advertisements and three million users.
Led by Djordy Seelmann, CEO, HousingAnywhere is a large rental accommodation platform for young professionals and international students boasting over 50,000 active advertisements and over 8 million users in over 60 countries. The rental platform allows tenants to interact directly with landlords and enter into medium-term rental agreements. More than 150 partner universities recommend their students to use the platform. The startup employs 100 people.