Current Press Release
Home raises €11M Series A to make housing better for tenants and landlords.
- Capital will drive expansion into new cities and tenant-focused product innovation
- More than 1,100 landlords request offer from Home per month
Berlin, Germany – 21 January, 2020 – Home (www.home.ht), the Berlin-based company dedicated to creating a better housing experience, has raised an €11million Series A round from Capnamic, the EQT Ventures fund (“EQT Ventures”), FJ Labs and Redalpine. The latest round of investment will be used to increase product innovation, particularly on the tenant side, as well as drive the expansion of Home’s offering into new cities.
Anyone who has either rented a home or been a landlord knows that it can be time-consuming, stressful and complicated for everyone involved. For owners, there is the barrier of having to become an expert in many different areas – from what rent to charge to understanding legislative changes. For tenants, there is often a lack of transparency and poor customer experience.
Home’s founders Thilo Konzok and Moritz von Hase set out to solve these challenges, making the housing market fairer and more transparent for everyone. Founded in 2016, Home acts as both the tenant and the landlord. The company rents apartments directly from owners, removing the stress and financial risks associated with being a landlord. Owners sign a contract in the Home app in under 30 minutes and, from then on, simply receive their rent. Using data-based evaluations, Home then finds the ideal tenants for the apartments. Home creates a new experience for tenants as they simply use Home’s app and digital locks to view and move into apartments.
Every month more than 1,100 landlords request an offer from Home. To be able to accept all of these requests, the company will expand into new cities - nationally and internationally - throughout 2020.
"Housing is one of the most complex problems our cities face and housing needs both parties – those who own properties and those who live in them. That said, the two groups’ interests are not always aligned,” said Thilo Konzok, founder and CEO at Home. “Home exists to bring tenants and landlords together, becoming the ideal tenant for landlords and the ideal landlord to tenants. By doing this, we empower more people to own real estate and enable more tenants to find a home they really love. This latest round of investment will help us to serve more landlords in more cities and significantly improve the tenant experience, enabling us to build the first housing brand that both tenants and landlords love.”
Jörg Binnenbrücker, Managing Partner at Capnamic, said: “When we first met Thilo and Moritz we were impressed by their vision of creating a new asset class and form of ownership. Capnamic is excited to have found the best team to bring this new housing experience to everyone and capture a massive market opportunity”.
Axel Bard Bringéus, Deal Partner and investment advisor at EQT Ventures, said: “The real estate and housing market have barely changed over the last 30 years and the degree of digitization and innovation is, in comparison to other sectors, very low. Home’s Thilo and Moritz are changing this. The team’s unique understanding of this huge market, grand vision and entrepreneurial grit have resulted in impressive traction over the last year and EQT Ventures is looking forward to the next phase of Home’s journey.”
Jose Marin, Founding Partner at FJ Labs, said: “Home has a very interesting approach to a large and inefficient rental process. Their exceptional product and user experience make it easy to find and contract supply. Thilo is a perfect example of the type of founders we like to work with: metrics driven, strategic and analytical thinker as well as a great pitcher.”
Home (www.home.ht) was founded in April 2016 by Thilo Konzok and Moritz von Hase to make housing better for both tenants and landlords. To the dismay of tenants and landlords, the residential housing market has not changed for decades - this is exactly where Home comes in to make the housing market fairer and more transparent for everyone. Home takes on the role of the tenant and the landlord at the same time and can thus be the ideal tenant to landlords and the ideal landlord to tenants. After the successful start in Berlin and the expansion to Munich and Hamburg, Home will be active in ten german cities and will have launched its first international market by the end of 2020. Home has raised more than €14 million from EQT Ventures, Redalpine, Capnamic, FJ Labs, VitoOne and Tim Schumacher. Twitter About
About EQT Ventures
EQT Ventures is a multi-stage VC fund that partners with the most ambitious and boldest founders in Europe and the US. The fund is based in Luxembourg and has investment advisors stationed in Stockholm, Amsterdam, London, San Francisco and Berlin. Fuelled by some of Europe’s most experienced company builders and scalers, EQT Ventures helps the next generation of entrepreneurs with the capital and hands on support needed to build global winners. More info: www.eqtventures.com. Follow EQT Ventures on Twitter and LinkedIn
Capnamic Ventures is one of Europe's leading early-stage venture capital investors with offices in Berlin and Cologne. The firm’s investment focus is on technology start-ups in German-speaking countries. In addition, Capnamic invests with international co-investors. All portfolio companies are supported by Capnamic's global industry network. The know-how of the Capnamic team is based on more than 80 investments, numerous successful trade sales and IPOs as well as own entrepreneurial experiences.
Capnamic is managed by Christian Siegele, Jörg Binnenbrücker and Olaf Jacobi as Managing Partners.
About FJ Labs
FJ Labs is an early-stage venture firm/startup studio focused on online marketplaces and consumer Internet companies. Founded by serial entrepreneurs Fabrice Grinda (OLX, Aucland, Zingy) and Jose Marin (Deremate, IG Expansion), FJ Labs has backed over 500 companies including Alibaba, Betterment, Delivery Hero, Fanduel, and Flexport, and has been directly engaged in building companies such as AdoreMe, Merlin, Letgo, and Rebag. More about FJ Labs: https://www.fjlabs.com
Redalpine is an early stage investor focusing on disruptive and highly scalable business models. Our aim is to help ambitious entrepreneurs turn their visions into reality. To foster entrepreneurial success, Redalpine provides financial backing as well as relevant know-how and a reliable network. Redalpine invests in European Health-Tech and ICT start-ups. Current investments include mobile-first bank N26, smart tax assistant Taxfix, full-service staffing platform Zenjob and bespoke visual content platform LemonOne.