Balderton, GR invest $20m in McMakler

Balderton drew equity from its Liquidity I Fund, which typically invests in direct secondary transactions for late-stage growth investments. The fund closed on $145m in 2018 and acquires minority stakes from existing backers of companies that have raised more than $20m in total.

The fresh capital will go towards developing the company's technology.

Previous funding
In 2015, Piton Capital, along with Lakestar, Heilemann Ventures, DN Capital, Target Global, Earlybird, Warpspeed and Mutschler Ventures, provided a €1m seed investment.

Frog Capital, Lakestar, Mutschler and Cavalry Ventures participated in an €8.5m series-A funding round for the company in 2016.

The following year, Frog led a €16m series-B, in which Piton, Mutschler and Cavalry also participated.

In June 2019, Target Global and Israel Growth Partners led a €50m series-C for the company. The company took out more than €10m in debt financing alongside the investment.

Company
Founded in 2015, McMakler employs 450 in offices in Germany, Austria and France. Headquartered in Berlin, the company acts as an online real estate agency. Its website includes a transaction platform and real estate valuation models.

People
Balderton Capital – Daniel Waterhouse (partner).
McMakler – Felix Jahn (CEO).

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• Topics
• Expansion
• DACH
• Consumer
• Balderton Capital
• Germany
• Direct secondary