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.p>
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.”
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