Exporo, a Hamburg-based start-up that claims to be Germany’s biggest crowd investment platform for property, has raised another EUR 8.2 million from e.ventures, Holtzbrinck Ventures, Sunstone and BPO Capital to accelerate growth, a press release said Monday. This latest round of financing comes after the companies invested the same million sum last year. Simon Brunke, Dr. Björn Maronde, Tim Bütecke and Julian Oertzen founded the company in 2014. Their business model allows investors to finance property projects with sums from EUR 500. After a fixed term, the investor receives a return on their investment.
New offices in HafenCity
“After the first round of investment less than a year ago, we had ambitious goals – no one could have foreseen the kind of positive growth that we experienced in the past months. We are delighted that our existing investors are providing more capital to expand our personnel, platform and products after such a short time. This will strengthen our leading market position enormously,” Brunke said. Exporo has raised around EUR 39 million since the first round of financing – far more than the sum agreed with investors. More employees have been hired bringing the workforce to 60 at present. The start-up is now moving to new offices in HafenCity.
New products planned
Andreas Haug, a representative of e.ventures, confirmed the investment: “Exporo is well ahead of the envisaged figures. So we immediately agreed with all the other investors to boost their results and push forward with further growth and product development.” Exporo also plans to introduce new products and allow private investors to invest in property projects using bonds. Such a move would secure investments and lead to higher financing volumes.
Brunke noted. “Online investments in property will become a fixed, reliable base for more new investors and product developers. Exporo will expand its position as the leading platform. We are flexible enough to adapt to any changed legal framework.”