Estateguru announces a funding campaign of up to €3m on Seedrs
Estateguru, the leading property financing and investing platform in Europe, today announces a funding round on Seedrs up to the value of up to €3M in order to support intensive growth and expansion plans. Estateguru’s ultimate goal is to develop a digital, borderless ecosystem for real estate financing and investing.
Estateguru finances projects which have solid collateral, using first-rank mortgages, to achieve straightforward and secure funding in real estate lending.This model is especially useful for entrepreneurs who struggle with the ‘one-size-fits-all’ policies of banks and gives everyone the opportunity to build diversified real estate investment portfolio from 50 EUR at an average historical interest rate of 11%.
In June 2020, Estateguru exceeded its first funding target of €350K on Seedrs by 261% followed by a second round with the funding target of €500K, which was overfunded by 260% in 2021. 2021 was the most successful year in Estateguru’s history. All operating countries exceeded their business targets and the platform’s total funded amount for the year was €203M, a 69% increase when compared to 2020 (€120M). Assets under management (AUM) amounted to €220.3M as of the end of 2021. Additionally, revenues reached €7.1M in 2021, an increase of 58% compared to 2020 (€4.5M). Estateguru is growing at an incredible pace, and in 2022 will be expanding to two more countries while investing heavily in technology and human capital.
Marek Pärtel, co-founder and chairman of Estateguru comments: “The third round on Seedrs shows the passion of our investors and affirms the direction of our property financing and investing platform. The growth we’ve witnessed during the last years has given the entire Estateguru team the ultimate drive and confidence to reach even greater heights. We all aim to live up to our vision of making real estate investing and financing attainable for anyone, anywhere in the world and building the best tech platform in the real estate space.
“Our business model has proven to fit into any market and works in any business environment. We’ve emerged stronger than ever from the COVID crisis and we also see that the current macroeconomic conditions favour our business model because investors of different profiles need protection against inflation, while Small and Medium Enterprises (SMEs) need fast and flexible financing
“The funds raised during this round will be invested to support our continuing growth, especially in two of our biggest markets – Germany and the UK, as well as expand into two new markets, and make significant tech investments in building a true ecosystem for the real estate financing and investments sector.
“The funds raised during this round will be invested to support our continuing growth, especially in two of our biggest markets – Germany and the UK, as well as expand into two new markets, and make significant investments in building a true ecosystem for real estate.”