German proptech startup Evernest closes €13m Series A funding to to accelerate growth

German proptech startup Evernest closes €13m Series A funding to to accelerate growth

Published: 12-01-2022 12:51:00 | By: Pie Kamau | hits: 904 | Tags:

German proptech company Evernest has successfully closed a Series A financing round of €13 million to accelerate its technology platform development as well as German and international expansion. New York City-based Prudence led the round and were joined by Madrid-based Kibo Ventures and Bonsai Partners alongside existing investors Project A and APIC.

Evernest has built an end-to-end brokerage platform to improve the residential real estate transaction process for buyers, sellers and agents. More than 100 people are working for Evernest in Hamburg and Berlin, depending on the company's digital brokerage platform, marketing services, agent training and support processes to facilitate an efficient, streamlined home transaction experience.

In March 2021, Evernest successfully closed a €6 million seed financing round. New York City-based Prudence led the Series A round, accompanied by Kibo Ventures from Madrid. Furthermore, Bonsai Partners participated in the financing together with existing Evernest investors Project A Ventures and APIC.

As one of the top global early-stage VCs in Proptech, Prudence will provide valuable guidance for Evernest's product capabilities and geographical expansion. Prudence was one of the early investors of Compass, a leading American Proptech company which went public in March 2021.

Kibo Ventures is one of the leading investors in Southern Europe, with a strong track record in supporting founding teams in their international expansion. Kibo Ventures, together with new investor Bonsai Partners, will help support Evernest's expansion into Spain and other Southern European markets.

Christian Evers, founder and CEO of Evernest: "We are extremely pleased to welcome such experienced international investors to the Evernest family. "The new capital will enable us to expand our technology platform while rapidly entering new markets in Germany and throughout Europe."

Gavin Myers, Founder & Managing Partner, Prudence: "We are delighted to invest in Evernest and partner with Christian, Luisa and Stefan. In Evernest we see an enormous opportunity to drive digital transformation in the residential real estate transaction, commensurate with the opportunity we saw in Compass in the US and Properly in Canada. The European market still lacks innovations that we see in other international markets in proptech. but have the same demand for digitally native solutions creating superior capabilities and a more streamlined home transaction experience. "

Sonia Fernández, Partner, Kibo Ventures: "We are very excited to support the Evernest team's expansion into Spain and other European markets where we see their business model can fully scale."

Evernest was founded in November 2019 by Christian Evers, a former Engel & Völkers Board Member, and Luisa Haxel, who led Engel & Völkers digital strategy. Stefan Betzold, former digital managing director at Axel Springer, joined Evernest in early 2021 as the third member of the management team responsible for Product and Technology.