Exporo, a Hamburg-based start-up which claims to be the biggest German crowd investing platform for property, has received EUR 8.2 million from e.ventures, Holtzbrinck Ventures, Sunstone and BPO Capital in the Series A financing round. The investment will allow Exporo to expand the team and products as well as marketing.
New financing for property projects
Simon Brunke, one of the four founders of Exporo, said: “Access to property projects has traditionally been limited to wealthy private persons or institutional investors. Now anybody can invest profitably in property with Exporo. Over the coming years, we will do our utmost to stir up enthusiasm among as many private investors as possible for this option and with the support of reputable investors. We are very grateful for their trust.”
Andreas Haug, a spokesman for e.ventures, said: “We are delighted to accompany Exporo while they shape a new type of property financing. We believe in decentralising markets and Exporo offers an attractive alternative to classic ways of property financing.”
Over EUR 19 million in capital
Simon Brunke, Dr. Björn Maronde, Tim Bütecke and Julian Oertzen founded Exporo in 2014. Their business model allows investors to finance professional property projects with sums from EUR 500. After a fixed term, the investor receives a return on their investment. Exporo says it has already co-financed 18 projects in this way and has arranged over EUR 19 million in capital.