Portfolio

Hybrid real estate agent McMakler welcomes Balderton Capital and GR Capital as new investors

OCT 23, 2019

Germany’s fast-growing hybrid estate agent McMakler has secured $20m from Balderton’s Liquidity I Fund and GR Capital.

McMakler is the largest hybrid real estate broker in Germany and one of Europe’s fastest-growing real estate platforms, combining tools that blend artificial intelligence, data science and digital workflow with a network of agents to improve the experience of buying and selling a home.

While online listings have become the main tool for property search, most people still rely on a broker to execute the transaction. Meanwhile, few traditional estate agents have access to a tool that can digitalise every critical step of a property negotiation to help them conduct business more efficiently and cut costs for clients.

Brokers remain the absolute experts when it comes to trading properties, but many traditional real estate companies do not have the technology to provide the highest level of service across the country. This is where McMakler is different: we have built the largest full-value chain transaction platform for real estate in Germany, that combines a great digital experience with highly skilled individual agents to provide superior service to our customers.

Felix Jahn, founder and CEO of McMakler

Felix Jahn, founder and CEO of McMakler

McMakler completed transactions worth $400m last year, five times the previous year’s total

The company is pioneering the introduction of software tools that have been adopted in other industries into the estate agency sector, which has largely held on to its traditional methods for buying and selling high-value homes and commercial premises. In total it has raised funds worth €74.5m, following a Series C round earlier this year led by Israel Growth Partners and Target Global.

McMakler is blending the best of data science, digital workflow, and scale to radically improve the experience and success of buying and selling a home. It has an unrivalled insight into the German real estate market, already manages an impressive level of property transactions and has a strong vision and ambition for where to go from here. We are delighted to be partnering with Felix and the team for the next phase of growth.

Daniel Waterhouse, Partner at Balderton

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