By helping residential real estate agents streamline the sales process, Evernest raises €13 million
Hamburg-based Evernest raised €13m in a Series A funding round. The proptech provides real estate agents with marketing services, agent training and support processes, all aimed at making the door-to-door transaction process all the more efficient and transparent. The funding is expected to be used to further develop the platform, as well as propel German and international market expansion plans. Prior to this Series A round, the company had raised around €6.3 million, now bringing its total to around €19.3 million.
If the value proposition of an “end-to-end brokerage platform to improve the residential real estate transaction process for buyers, sellers and agents” sounds vaguely familiar to you, I draw your attention to the unicorn Compass based in New York, which describes itself as, “an end-to-end platform supports the entire buying and selling workflow by combining the industry’s top talent with technology to make the ‘smart and seamless search and sell experience.’
Evernest was founded in 2019, just 2.5 years after Compass achieved unicorn status, by former board member and chief digital officer of German multinational real estate giant Engel & Völkers, Christian Evers, and l Former Head of Digital Strategy at Engel & Völker Luisa Haxel.
Everst’s $13m Series A funding round was led by New York-based Prudence, which also invested in Compass’ Series C round, and saw participation from Kibo Ventures and Bonsai Partners. with existing investors Project A and APIC.
“At Evernest, we see a huge opportunity to drive digital transformation in the residential real estate transaction, commensurate with the opportunity we saw in Compass in the US,” explained Prudence Founder and Managing Partner Gavin. Myers. “The European market still lacks the innovations we see in other international proptech markets, but has the same demand for digital native solutions creating superior capabilities and a more streamlined home transaction experience.”