HousingAnywhere has now raised a complete of €35.5m, and the acquisition of the Dutch room, studio, and one-bedroom condo market-leader Kamernet is its fourth takeover up to now 12 months.
The funding can even assist it add 17 new focus cities in Europe, to develop to a complete of 32.
“Regardless of turbulent market situations, we managed to enhance our enterprise mannequin”
The net platform additionally acquired Germany’s Studenten-WG, Italy’s Stanzazoo and Icelandic rental platform Rentmate within the final 12 months.
Whereas devastating worldwide mobility, the pandemic has provided HousingAnywhere the alternative to additional develop its product, CEO Djordy Seelmann stated.
“[The pandemic] enabled us to enhance our contribution margins and discover native rental markets whereas accelerating the inevitable consolidation of the market,” he stated.
“Regardless of turbulent market situations, we managed to enhance our enterprise mannequin, solidify the arrogance of our traders and entice new capital.”
Kamernet is HousingAnywhere’s largest acquisition so far, and places it on the trail to develop into Europe’s largest end-to-end on-line rental market by the top of 2021. And its mergers and acquisitions workforce remains to be in search of extra alternatives, HousingAnywhere’s VP of Market Gianluca Valentini famous.
“We’re removed from completed. Our M&A workforce is seeking to purchase extra rental web sites, to develop in viewers and variety of properties that match the wants of our ever-growing consumer base,” he stated.
“We wish to be the catalyst that pushes the rental market to the following section,” Seelmann continued, which it does by “bringing new merchandise into the market equivalent to HousingAnywhere Funds”, its funds software program.
“These new product choices are constructed on high of the nascent HousingAnywhere Platform, which we’ll leverage to understand our imaginative and prescient of turning HousingAnywhere into a brilliant app for rental lodging,” he stated.
VNV World and Actual Internet participated in a brand new fairness funding with Ergeny Investments, a single household funding agency, becoming a member of as a brand new investor in January 2020. Early-stage investor henQ Capital bought its stake.
HousingAnywhere acquired new debt financing in July 2020, on the again of a robust rebound of worldwide mobility through the Summer time of 2020, it added.