Over six million euros for Baufi24
The Berlin-based start-up brokers financing options for real estate. In a recent financing round, Baufi24 has now raised €6.7 million.
Hamburg-based fintech Baufi24 has raised €6.7 million in growth capital in a Series A financing round. Venture capitalist Btov and Helvetia Venture Fund are involved. The fund, set up by Swiss insurance company Helvetia, focuses on insurtechs. Baufi24 provides digital support for real estate financing. The money raised will go towards expanding the technology. It is planned to open new branches, with which Baufi24 also advises locally as a franchise concept.
"With Helvetia Venture Fund and BtoV, we have two strong investors on board to further advance our smart and innovative technology for this purpose," Baufi24 CEO Tomas Peeters is pleased to announce. In 2021, the start-up will hire 40 new employees, he announces.
Baufi24 started back in 2006 as a search engine for construction financing, but in 2017 the start-up positioned itself more broadly and now arranges financing by comparing offers from 450 banks. It also provides on-site advice at 60 branches in Germany. In 2020, Baufi24 acquired fintech Finlink.
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