Hausgold raises ten million euros

The Hamburg-based competitor to McMakler has closed its financing round. Martin Blessing, former head of Commerzbank, is also involved.

Hausgold matches sellers of real estate with suitable real estate agents on site and supports them with digital tools. The Hamburg-based company has now raised ten million euros in a recent financing round. With the money, which should last until 2023, the founders want to expand their team. In addition, they want to introduce new offers such as insurance around the home purchase. In the coming year, the turnover should almost double, says founder Sebastian Wagner. From 2023, the start-up then wants to be profitable.

Half of the current round is bank loans, with the other half coming from investors such as former Commerzbank chief Martin Blessing and partners of his. "I am pleased to be able to follow the future development of the company from the perspective of a shareholder," Blessing told the Handelsblatt.

Wagner founded the real estate start-up in 2014, with Rocket Internet and Hanseventures among the first investors. The start-up shares the commission with the brokers and so far turns over 40 million euros in brokerage commission per year. In 2018, Deutsche Bank joined the Hamburg-based company as an investor and partner, and the two companies' offerings are still linked today.