Capnamic et al. back €11m series-A for Home

The company aims to be active in 10 German cities and launch in its first international market by the end of 2020. The company said in a statement that it plans to use the new funding to expand and to broaden its product offering.

Capnamic targets companies in the B2B software space and generally deploys initial investments of €500,000-3m. It held a final close for Capnamic Venture Fund II in June 2017 on €115m.

Redalpine's latest vehicle, Readlpine Capital IV, held a final close in March 2019 on €100m.

EQT Ventures II held a final close in November 2019 on €660m, exceeding its target of €600m. The fund typically focuses on series-A and series-B rounds.

Previous funding
In April 2017, Redalpine and Vito Ventures backed a funding round for Home. Redalpine invested from Redalpine Capital III, which held a final close in September 2017.

In August 2017, EQT Ventures and Redalpine led a €3m seed round for Home, with Redalpine again deploying from its third vehice. EQT Ventures invested from EQT Ventures Fund, which held a final close in May 2016 on €566m.

Company
Home was founded in 2016 by Thilo Konzok and Moritz von Hase. The company provides a software platform that aims to simplify renting and leasing for tenants and landlords. The company rents properties directly from landlord and uses an algorithm to find tenants to place in the properties. Tenants are able to view and move into properties via Home's app.

The company is based in Berlin and also has offices in Hamburg and Munich. It has 26 employees according to LinkedIn.

People
Capnamic – Jörg Binnenbrücker (managing partner).
EQT Ventures – Axel Bard Bringéus (deal partner, investment adviser).
FJ Labs – Jose Marin (founding partner).

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• DACH
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