With the growth capital, the company announced plans to expand to Europe, and to further invest into its product, whose approach is to adapt the rental process to different users and local city conditions. In addition, Wunderflats achieves exceptional matching quality between tenants and landlords through a combination of machine learning and personal contact during the rental process.
Lead investor Verdane is one of Northern Europe’s most active investors in digital consumer and software businesses, with a track record of successfully supporting technology-enabled companies such as EasyPark, Desenio, momox and smava to scale operations and develop new markets. Verdane’s current portfolio holds 20 digital consumer and over 30 software businesses, with more than $3 billion of investor commitments across nine funds.
“Housing markets across Europe today face a significant gap in the mid-to-long term rental sector that Wunderflats fills successfully,’ says Maroje Guertl, Principal at Verdane. “Drawing on its strength as the leader in Europe’s largest housing market, Wunderflats has demonstrated resilience in the face of a global pandemic, growing demand by 58% in 2020 while the global hospitality industry has been hit hard by the COVID-19 crisis. The relevance of this business model will only increase as the ‘work from anywhere’ and extended stays trend continue to grow in popularity. We look forward to partnering with the stellar team at Wunderflats to expand the offering across Europe.”