McMakler, a Berlin, Germany-based proptech platform, raised $20m in secondary funding.
The backers included Balderton Capital’s Liquidity I fund and GR Capital.
Led by Felix Jahn, founder and CEO, McMakler is a real estate platform leveraging artificial intelligence, data science and digital workflow to improve the experience of buying and selling a home.
The company, which has raised €74.5m in total funding to date, intends to use the funds to further develop its technology offering, which includes a transaction platform and advanced AI real estate valuation models.
Founded in 2015 by Jahn, Hanno Heintzenberg and Lukas Pieczonka, McMakler currently employs 450 people across Germany, Austria and France, including 255 full time real estate agents, and completed transactions worth $400m last year, five times the previous year’s total.