Real estate crowd investing platform Exporo nabs €8m

Real estate crowd investing platform Exporo has picked up €8m in a new round of funding. The investment comes from e.ventures, Holtzbrinck Ventures, Sunstone and BPO Capital.

The Hamburg-based company allows consumers to invest in real estate projects with as little as €500. To date it has co-financed 50 projects with more than €64m and paid out €11.3m to investors.

The funding will be used to develop new products such as enabling private investors to back real estate projects through bonds. Exporo previously raised a €8.2m Series A round in July last year.

Company CEO Simon Brunke commented: “After the first round of financing less than a year ago, we had ambitious goals, but no one could expect such a positive growth in the past few months.”

Exporo grew its mediated capital in the first quarter of 2017 grew by 560% and increased its employee count from 25 to 60 since its last funding round.

e.ventures’ Andreas Haug commented: “Exporo is well above the targeted figures, so we have agreed with all investors without hesitation to strengthen the balance sheet, to push further growth and to drive the product development forward.”

Copyright © 2017 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research

Investors

The following investor(s) were tagged in this article.