EQT Ventures leads €3m seed round for Home

Redalpine, an existing investor, also contributed to the funding round. The company plans to boost its staff numbers and open up its app to tenants to allow them to manage utility bills.

The capital for the investment by EQT comes from its main EQT Ventures Fund, which held its final close in May 2015 on €566m. It has made 17 deals and committed €505m of its capital. The Swedish GP received a sizeable commitment from the European Investment Fund.

Previous funding
In April 2017, Redalpine invested from its Redalpine Capital III vehicle to lead a new funding round in Home. Vito Ventures and an angel investor also committed capital. Terms of the deal were not disclosed.

Company
Based in Berlin, Home is a property management app. Landlords connect their bank with the app and Home then automatically tracks rent payments, alerts landlords to late or missing payments and monitors the value of properties.

People
EQT Ventures – Lars Jörnow (partner).
Home – Thilo Konzok (founder & CEO).

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