Wunderflats receives $21 million in growth funding to make it easier for people to access housing in Europe
The financing round is led by new investor Verdane with a broad participation of existing shareholders including PropTech1, Creathor, IBB Ventures and Axel Springer Digital Ventures.
Berlin, June 25th 2021 – Wunderflats, the leading platform for temporary furnished housing in Germany, announces a $21 million growth funding round, consisting of both primary and secondary capital, to further pursue their vision to create a more accessible and convenient housing market across Europe.
“Tenants trying to find mid-to-long term housing in Germany and across Europe face numerous obstacles and often experience discrimination in the rental process,” says Jan Hase, co-founder and CEO at Wunderflats. “We strive to build the most customer-centric housing company in Europe that enables people to find their new home easily and in a fair manner. During the course of the COVID-pandemic, the trend of people living and working temporarily in different cities or even countries increased. Due to the emergence of new and more flexible work environments, the demand for temporary housing will increase even more, and so will the need for temporary furnished housing.”
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 EUR3 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.”
Wunderflats is the market leader for temporary furnished housing in Germany. The Berlin-based company was founded in 2015 by Jan Hase and Arkadi Jampolski and has over 100 employees. Wunderflats connects tenants, property owners and companies with the mission to enable everyone to live and work anywhere.
For more information, visit wunderflats.com.
Verdane is a specialist growth equity investment firm that partners with tech-enabled Northern European businesses to help them reach the next stage of international growth. Verdane can invest as a minority or majority investor, either in single companies or through portfolios of companies, and looks to deploy behind three core themes; the Digital Consumer, Software Everywhere and Sustainable Society. Verdane funds hold more than EUR3bn in total commitments and have made over 120 investments in fast-growing businesses since 2003. Verdane’s team of over 80 investment professionals and operating experts, based out of Berlin, Copenhagen, Helsinki, London, Oslo and Stockholm, is dedicated to being the preferred growth partner to tech-enabled businesses in Northern Europe.
More info: www.verdane.com
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