Wunderflats raises $21 million

The Berlin-based start-up Wunderflats is benefiting from the booming market for second homes and has raised 21 million US dollars in a recent financing round.

The platform for second homes Wunderflats has raised 21 million US dollars in a recent financing round. Oslo-based venture capitalist Verdane is leading the round, with existing investors such as PropTech1, Creathor, IBB Ventures and Axel Springer Digital Ventures also participating. The money will be used to drive expansion within Europe.

Founded in 2015 by Jan Hase and Arkadi Jampolski, the company offers furnished apartments for longer rentals - for example for companies that send employees abroad for a period of time or for people with two residences. "The emergence of new and more flexible working environments will further increase the demand for temporary living space and therefore also the need for temporary furnished accommodation," says Hase. The Berlin-based company currently employs 109 people.

Verdane also sees Wunderflats' offering as a promising market for the future: "The relevance of this business model will continue to grow with the increasing popularity of the 'work from anywhere' and 'long-term stays' trend," says Maroje Guertl from the venture capital firm. "We look forward to working with the excellent team at Wunderflats to expand the offering across Europe."

Verdane invests primarily in the growth and buy-out stage of companies. The Oslo-based company, which also has offices in Berlin, recently launched a fund worth 540 million euros.