M&A / FundingProptechReal EstateFintech

Evernest raises €13M Series A for proptech platform expansion

Evernest, a German proptech developing a real estate technology platform, announced raising a €13 million Series A led by NYC-based Prudence, according to a press release.

The company says it will use the capital to accelerate development of its technology platform and expand coverage in Germany as well as in international markets. Evernest currently has 100 employees in Hamburg and Berlin. It expects to add members abroad as it expands its geographical market focus.

Kibo Ventures and Bonsai Partners also joined existing investors Project A Ventures and APIC in funding round participation. The company previously completed a €6 million seed round in March 2021, bringing total funding to €19 million since its founding in late 2019.

“We are extremely pleased and more than satisfied that only nine months after our last financing round we were able to inspire such top-class international investors for us. With the fresh capital, we will rapidly open up new markets at home and abroad and further expand our technology platform,” Evernest founder and CEO Christian Evers stated in the release.

Evernest data-first technology platform makes residential real estate transactions more efficient by offering a full-service broker platform, intelligent marketing and digitized support processes. The platform is intended to make transactions more transparent and to create an individual experience for brokers, buyers and sellers.

Prudence is quickly becoming an international proptech VC leader after following its successful investment in US broker Compass.com. Evernest intends to leverage the firm’s real estate experience and network to push its expansion.

“We are very pleased that we can invest in Evernest and work with Christian, Luisa and Stefan. The combination of technology and local consulting know-how really won us over. We see a great opportunity to drive the digital transformation in the real estate segment in Europe and to build a new market leader with Evernest,” Prudence co-founder and Managing Partner Gavin Myers said.

In other recent fintech news, Core Spaces and Harrison Street have pledged $1.5 billion to bring build-to-rent communities into major metro areas. Veya also raised £500k to push its title deed check service.

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