Berlin-based McMakler has raised more than €50m ($56.5m) in a series C funding round, led by Target Global and Israel Growth Partners. The company is targeting the European market with its new product, which will be available for sale from mid-2018. The start-up aims to exceed €1bn of transactions this year, and will use the proceeds of the funding round to build out its transaction platform, enhance in-house technology and digital tools, improve the speed and transparency of the transaction process and expand employee numbers.
Berlin-based McMakler has raised more than €50m ($56.5m) in a series C funding round, led by Target Global and Israel Growth Partners. The company, which operates in Germany, Austria and France, combines a conventional estate agency service with a digital platform, and saw transactions grow by 500% YoY to €400m in 2018. The start-up aims to exceed €1bn of transactions this year, and will use the proceeds of the funding round to build out its transaction platform, enhance in-house technology and digital tools, improve the speed and transparency of the transaction process and expand employee numbers.