Kodit.io, a Helsinki based real estate startup has raised €100 million debt and equity funding in a round led by NREP, one of the leading real estate investors on 29th October 2020.
The real estate enterprise raised its €1.7 million seed funding 2 years ago. After which they also bagged equity and debt mixed, €3 million Series A funding and €9 million debt financing in 2019.
The Helsinki based Proptech enterprise reinvents the buying and selling experiences of homes. They aim at making the process of buying and selling homes simple, fast and safe by offering brokerage services, a whole range of move-in ready apartments available for rent and sale and instant purchasing offers. The team of kodit.io has dedicated specialists and is backed with artificial intelligence technology that ensures efficiency and hassle free experience for every transaction.
Future plans with the funding
With the received funding they are planning to scale their reach in the existing countries with the aim of expanding into new ones. With its establishment in 2017 the company has grown to be among one of the leading instant home buyer startups of Europe with its operations running in three countries Spain, Finland and Poland. The journey of kodit.io becoming the leading iBuyer startup was initiated with the development of a real estate data platform powered by Machine Learning that provided home buyers the ready to move homes and the home sellers instant cash offers. They have recently launched a technology driven real estate brokerage and are scaling to offer flexible living solutions.
Jani Nokkanen, the Chief Investment Officer (CIO) at NREP said, “We are quite impressed by the ability of Kodit.io of merging robust operations and sophisticated technology for providing liquidity to real estate markets and providing most flexible solutions for various home buyers and sellers. We are very delighted to support them in their growth journey.”
NREP is one of the leading Nordic Proptech innovators and has more than 260 employees and €5.5 billion AUM (Assets Under Management). The investment at kodit.io is the perfect fit for NREP as it invests in platforms that bring the real estate industry to a consumer centric and sustainable future. The present pandemic situation and falling economic circumstances have created a demand for flexible services in real estate sectors and has increased the use of digital services that helps people to buy and sell homes with negligible human interaction.
Kodit.io is a top iBuyer and Proptech startup in Europe powered by Artificial Intelligence. The platform was founded in 2017 by Martti Suomela, Kalle Salmi and Nico Rotstein and is headquartered in European countries, Scandinavia.
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