Elevera Advises Disruptive Tech Enabled Real Estate Agent Hemverket Secures Growth Capital from Private Equity Investor Neqst Partner
GOTHENBURG, Sweden (June 19, 2016) – Elevera Advisers acted as the exclusive adviser to Hemverket AB securing a growth capital investment above SEK20M ($2.3M) lead by Stockholm based investor Neqst Partner AB.
Hemverket is Swedens fastest growing real estate agency and counts as the 8th largest broker by volume of listings. Tech-enabled Hemverket charges a fixed fee of SEK10 000 kronor regardless of the the property’s sale price or location. The average broker fee in Sweden is today approximately SEK 70 000, resulting in an effective savings for the property sell of SEK 60 000 when using Hemverket.
Hemverket’s founder and CEO Imre Marton says:
“Elevera advised Hemverket in preparing and concluding a Series-A institutional funding transaction of $2.3mn in June 2016, to continue our aggressive growth as the pioneer and market leader in the Swedish fixed-fee real estate industry. This investment also sets us up for our future ambitions for international growth. We engaged Elevera to help us with hands-on international market research and corporate development work, prior to commencing a structured fund raising process.
This collaborative process with Elevera helped us to sharpen our strategic market positioning, build detailed financial models and producing a compelling pitch-deck. I would especially thank Elevera for getting down to minute detail of our business to understand and challenge our processes. I’m also impressed by the out-in-the-field research of the international PropTech market and helping us to connect us not just to investors but also with strategic partners during this project.
This fact-based and data-drive research approach by Elevera has helped us to articulate our clear growth strategy to potential investors, resulting in a successful investment transaction and a future path for our continued success!”
More details are available on Hemverkets press web-site. (Swedish)