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.