EstateGuru raises £5m of venture capital investment

EstateGuru has announced the successful closure of its Series A funding round, with investments coming from Switzerland, UK, Czechia, Austria, Germany and Cyprus.

The marketplace for short-term property-backed loans raised €5.8m (approximately £5m), with the lead investor being TMT Investments PLC, a UK venture capitalist and public company which was also an early investor in both Bolt and Pipedrive.

Other funders included Verve Ventures — investment manager for Swiss Immo Lab — and J&T IB and Capital Markets, the investment banking arm of Czech investment bank, J&T.  

The raise follows a successful equity fundraiser on the Seedrs platform in May — part of the Series A round — which exceeded its initial target by 260%.

Marek Pärtel, CEO and co-founder of EstateGuru (pictured above), said: “We have an ambitious technology and expansion roadmap for the next few years, and the success of this fundraising round will position us perfectly to deliver on this and continue providing all investors and borrowers with the very best real estate financing platform. 

“We are developing a modern ecosystem for market participants and believe that, very soon, traditional financiers will also prefer to use our platform in order to stay competitive. 

“The fact that the same investor who have invested in two of Estonia’s leading start-ups, Pipedrive and Bolt, have now chosen to put their faith in EstateGuru is the perfect affirmation that our business model is robust and that we are ready to seriously accelerate our growth.”

Artyom Inyutin, co-founder and head of investments of TMT Investments, commented: “We are happy to support EstateGuru in the new round. 

“It solves important problems — attracting money to real estate and, at the same time, making it possible to invest investors' funds at a profit and at the most modern level.”

Joāo Duarte, venture capital investor at Verve Ventures, added: “There is a significant SME financing gap in Europe and a strong investor appetite for high-yield investment products. 

“EstateGuru is in a perfect position to take advantage of these two trends and become a global leader in real estate-backed lending.”

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