Dealroom.Co, the leader in VC investment data, has recently produced a report on Berlin’s tech ecosystem in partnership with HV Holtzbrinck Ventures, Lakestar, Point Nine Capital, Target Global and Hering Schuppener, in which they highlighted Frog portfolio company McMakler as a potential future unicorn in the Berlin tech scene.
McMakler would be in good company – Germany is currently ranked second in Europe by number of unicorns, with just over one third of Germany’s unicorns being from Berlin.
McMakler is Germany’s fastest growing online estate agent. They operate a hybrid business model, which combines a centralised digital core with face-to-face, personalised service on site from their highly qualified agents. This means they can add the personal touch of traditional advice, whilst also taking advantage of modern mobile and online technology. Frog first invested in the company in June 2016 when we led their Series A investment round.
In 2018, McMakler achieved 500% year-on-year increase in transaction volume with procured real estate volume of €400 million, making them Germany’s market leading hybrid real estate agents. The target for 2019 is to exceed €1 billion.
The news from Dealroom.Co’s report comes just one month after it was announced that McMakler had raised €50 million in Series C funding.
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