Kodit.io, a Helsinki, Finland-based proptech company, closed a €1.7M seed funding round.
The round was led by Speedinvest x and Norwegian international media group Schibsted, with Icebreaker.vc providing additional funding.
The company intends to use the funds to expand into new EU cities.
Led by Kalle Salmi, CEO, and Martti Suomela, Kodit.io is a PropTech startup and an iBuyer providing instant offers for apartment owners. The AI-powered real estate data platform that allows home sellers to receive instant cash offers on their homes to lease back their old home and buyers to get aceess to renovated homes and to trade in their old home for a data-based market price.
Kodit.io has more than 80 properties purchased and more than 40 exited over the past 8 months. It currently operates in 7 cities in Finland and Estonia, with now potential markets to be opened in Southern and Eastern Europe.