France’s Homki, which Aims to Transform Real Estate Sector, Raises €347,341K via Crowdcube

Homki, which aims to transform the real estate industry, has raised 118% (€355,308) of its €300,000 target from 157 investors (at the time of writing) via its crowdfunding campaign, carried out via Crowdcube with 14 days left in the sale.

Homki says its mission is to streamline the real estate sector. The French startup uses the latest technology “powered by data, with the aim to make the real estate market more transparent and fair for everyone. With a total transaction volume of €1 billion and over 11k customers so far.”

Homki reports a Pre-money valuation of €14,575,060;  Equity 2.33%; a €48.88 Share price.

Homki’s mission is to improve the real estate ecosystem. The startup leverages innovative- tech  powered by data, with the goal to make the property sector a lot more transparent and fair for everyone. With a total transaction volume of €1 billion and over 11k customers so far, Homki claims that it is “already changing the game.”

Key highlights:

  • +3500 properties sold via our platform totalling a volume of €1bn
  • Our fixed fees (4 900€) have resulted in savings for our clients vs real estate agencies (avg 5-6%)
  • From 3 sales per month in 2018 to 5 sales per day in 2022
  • 4.9/5 out of 2139 Trustpilot reviews

This Crowdcube round forms “part of a wider funding round in which the company has raised €225,830.22.” On this amount, €150,830.22 have been “reflected on the pitch progress bar.”

The French property brokerage market is reportedly “the most expensive in Europe.”

Nevertheless, studies highlight that most French people “find it under-digitized, inefficient and not in line with today’s customer behaviors.”

Launched in 2018 by a team of digital and real estate enthusiasts, Homki was “created with the idea that everyone should have access to a quality real estate service without paying exorbitant fees.”

They believe buying or selling a property “should not be a stressful, complex process.”

That’s why they’ve created an easy-to-use platform “that connects homeowners, buyers and agents seamlessly and efficiently. Homki places the agent at the heart of the transaction & deploys an innovative digital tool that allows transaction management from the app, in real-time or at any time.”

Their mission is to “make the property market fairer for everyone.”

They are pleased to have already “helped more than 11k people sell their homes or find their ideal property.” They have a total transaction volume “of €1billion and are rated 4.9/5 on Trustpilot.”

According to the firm, investing in Homki means “choosing to join a community of people who want to disrupt existing monopolies by changing the rules of a sector that we believe is far too old-fashioned and expensive.”

This fundraising will allow then “to offer new services and aim to conquer the French market.”

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