Justhome raises 3.3 million euros
Janina Gerhardt
| 02.09.2022
The real estate financing platform wants to enable more people to buy their own home.
Proptech Justhome has raised €3.3 million in a pre-seed funding round. The round is led by Target Global. APX, the early-stage investor backed by Axel Springer and Porsche, and angel investors are also participating.
According to the 2022 startup, Germany has the lowest home ownership rate in the EU at around 45 percent. Justhome now wants to simplify key process steps in buying real estate and enable more people to get financing. Founders Martin Mehlitz, Marc Rustige and Johannes Fenner have launched a platform where customers can compare financing terms for real estate from more than 700 banks. According to the company, nine out of ten of those under 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 plans to use the new capital to develop its own financing solutions. These solutions will be aimed primarily at first-time buyers with tight budgets.
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