BayBG backs round for EverReal

Existing investors High-Tech Gründerfonds and Liechtenstein-based Seed X backed the property technology startup in the first part of its seed financing round in November 2019.

The company plans to use the fresh capital to expand its product offering, and to build up its team and market presence.

The deal is BayBG's second investment of 2020, according to Unquote Data. The GP participated in the €5m round for Munich-based customer loyalty platform tracker Loyalty Prime in February 2020. The firm generally invests €100,000-7m in companies headquartered in Bavaria.

Company
Founded in 2017, EverReal is a real estate platform that allows landlords, property managers, asset managers, developers and brokers to automate aspects of business processes involved in the leasing, buying and selling of property. It offers automated marketing features. It is based in Munich and has 13 employees, according to LinkedIn.

People
EverReal – Nessim Djerboua (co-founder, CEO).
BayBG – Otto Hopfner (investment manager).

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• Topics
• Expansion
• DACH
• Technology
• Venture
• Germany
• High-Tech Gründerfonds
• Bayerische Beteiligungsgesellschaft mbH (BayBG)