Hamburg-based Evernest has raised €13 million in a Series A round. The proptech provides real estate agents with marketing services, agent training, and support processes, all geared towards making the home transaction process all the more efficient and transparent. The funding is expected to be used to continue further development of the platform, as well as propel both German and international market expansion plans. Prior to this Series A round, the company had raised ~€6.3 million, now bringing its total to ~€19.3 million.
If the value proposition of, “an end-to-end brokerage platform to improve the residential real estate transaction process for buyers, sellers and agents,” sounds vaguely familiar, I point your attention to New York-based unicorn Compass, who self describes as, “an end-to-end platform supports the entire buying and selling workflow by pairing the industry’s top talent with technology to make the search and sell experience intelligent and seamless.”
Evernest was founded in 2019, a short 2.5 years after Compass achieved unicorn status, by former board member and chief digital officer at German multi-national real-estate giant Engel & Völkers, Christian Evers, and former Engel & Völker digital strategy lead Luisa Haxel.
Evernest’s $13 million Series A funding round was led by New York-based Prudence, who also invested in Compass’s Series C round, and saw participation from Kibo Ventures and Bonsai Partners with existing investors Project A and APIC following on.
“In Evernest we see an enormous opportunity to drive digital transformation in the residential real estate transaction, commensurate with the opportunity we saw in Compass in the US,” explained Prudence’s founder and managing partner, Gavin Myers. “The European market still lacks innovations that we see in other international markets in proptech. but has the same demand for digitally native solutions creating superior capabilities and a more streamlined home transaction experience."