Kodit.io acquires €12M in a recent funding round

Finnish proptech firm, Kodit.io, gives its users a better way to sell their homes for a better price. Recently, the company raised €12 million in a funding round to help build its expansion through Europe.

Founded in 2017, Kodit.io is a so-called iBuyer that uses machine learning and automation to offer home sellers fair cash offers for their properties within 24 hours. After purchase Kodit.io renovates the properties to offer home buyers move-in ready and risk-free homes to buy.

In short, Kodit.io disrupts the outdated and time consuming process of selling residential real estate and brings much needed transparency and liquidity to housing markets.

Kodit.io has been in the market for less than two years but is already the leading iBuyer in Europe. The company recently launched in Madrid, and is also operating in Tallinn and six cities in Finland. Later this year, the startup expects to expand to Paris, Barcelona and Warsaw.

Behind the €12 million funding is a group of renowned marketplace investors. These include VC firms like New York-based FJ Labs, Austrian Speedinvest and Spanish All Iron Ventures, as well as Norwegian Adevinta (formerly Schibsted Marketplaces) that owns leading marketplaces in 16 different countries.

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