Estonian proptech startup EstateGuru raises €880K investment
by Startacus Admin
Estonian proptech startup EstateGuru secures funding from over 1000 investors in over 37 countries raising €880K investment
Great news today for EstateGuru, the leading Pan-European marketplace facilitating property-backed loans for SMEs with the announcement that it has closed a €880K funding round on investment platform Seedrs. This funding forms part of the company’s €5M series A-raise, and far exceeds the original investment target of €350K investment target for the round.EstateGuru are developing a digital and borderless ecosystem for real estate financing and investing in Europe and beyond. By connecting different service providers, SMEs and investors into one single marketplace, they aim to offer a seamless, cross-border and digital service for borrowers and investors.
The funding will help the startup with its mission to become the biggest real estate financing platform in Europe by 2025. Its aim is to develop a digital and borderless ecosystem for real estate financing and investing in Europe and beyond, by connecting different service providers, SMEs and investors into one single marketplace.
Funds from the Seedrs round will be used in three strategic areas: geographical expansion, delivering an ambitious technology roadmap and developing the area of capital markets and institutional investments.
“We’re delighted to see that so many people around the world believe in alternative financing and new business models. Our campaign happened to go live during the deepest crisis and yet, over 1000 people from 37 countries trusted and supported us”, says Marek Pärtel, co-founder and CEO of EstateGuru.
Tom Fields, Seedrs Investment Associate added, “We’re so pleased to see EstateGuru’s success on the Seedrs platform. They are the first Estonian business to successfully fund on Seedrs and we hope they have paved the path for many more Estonian companies to fundraise through our platform!”
Like PropTech focused startup news? You might want to read up on:
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Published on: 8th June 2020
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