Berlin-based startup, Home is offering an application to help landlords manage rents, but since then solving a more immediate solution to the problem of landlords and tenants, has raised €11 million to finance Series A.
Capnamic, EQT Ventures, FJ Labs and Redalpine are participating in this round, while the new capital will be used for “innovative products”, especially for tenants. In addition, Home schemes to move its offer to new cities.
Home is now both the landlord and tenant. Landlords sign a contract while receive instant offer from Home. A digital lock is installed in the apartment, and the landlord simply receives the rent without maintenance costs, financial risks, etc.
The idea, in essence, becoming a full-stack lessor is that property owners do not need to be experts in apartment renting, understanding the law, servicing and knowing what rent to charge.
“Tenants likewise have a much better,straightforward experience,” says the CEO of Home.This incorporates the capacity to visit and book condos all alone using savvy Home locks. “On the off chance that they need anything, Home is 24/7 available on the app,” he includes.
The proposition is as of now accessible in Berlin, Munich and Hamburg, and seems to be popular. Konzok says that consistently in excess of 1,100 houseowners demand an offer from Home. To have the option to acknowledge a greater amount of requests, the organization will venture into new areas all through 2020. In particular, this should see seven progressively German cities by April 2020 and one universal city in October 2020.