Justhome raises 3.3 million euros

The real estate financing platform wants to enable more people to buy their own home.

Proptech Justhome has raised 3.3 million euros in a pre-seed financing round. The round was led by Target Global. APX, the early-stage investor backed by Axel Springer and Porsche, and angel investors are also participating.

According to the start-up, which was founded in 2022, Germany has the lowest home ownership rate in the EU at around 45%. Justhome now wants to simplify important steps in the process of buying real estate and enable more people to obtain financing. Founders Martin Mehlitz, Marc Rustige and Johannes Fenner have launched a platform on which customers can compare financing conditions for real estate from more than 700 banks. According to the company, nine out of ten people under the age of 30 want to live in their own home at some point. "We are committed to enabling this generation to take the step into home ownership as they expect it: digitally and self-determined," says CEO Johannes Fenner.

The company also intends to use the new capital to develop its own financing solutions. These solutions are primarily aimed at first-time buyers with a tight budget.