VC firms back Exporo

Exporo has exceeded performance objectives set after the first round of funding in July 2016, according to a statement. The company has mediated 560% more capital in Q1 2017 than Q1 2016 and mediated €39m since the last financing. The number of employees has grown from 25 to 60 in this time.

The fresh capital will be used to develop new real estate products including the launch of bonds for larger financing volumes.

Previous funding
EVentures, Holtzbrinck, Sunstone and BPO invested in an €8.2m funding round for Exporo in July 2016. The stated aim was to hire additional staff, expand marketing efforts and further develop the product.

Company
Founded in 2014 and based in Hamburg, Exporo is an internet platform for investors, offering participation in real estate projects through crowd investing. The minimum investment is €500. The company employs 60 people and has recently moved offices in Hamburg to accommodate the larger team.

People
EVentures – Andreas Haug (partner).
Exporo – Simon Brunke (CEO).

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• Topics
• Expansion
• DACH
• Financials
• Germany
• Venture
• Holtzbrinck Ventures
• Sunstone Capital A/S