Evernest Closes Series A Funding Round

German PropTech Startup Evernest Closes EUR 13 Million Series A Funding Round

Hamburg, January 11th, 2022 - The German PropTech company Evernest has successfully closed a Series A financing round of EUR 13 million. Evernest will use the new capital to accelerate its technology platform development as well as German and international expansion. New York City-based Prudence led the round and were joined by Madrid-based Kibo Ventures and Bonsai Partners alongside existing investors Project A and APIC.

Evernest has built an end-to-end brokerage platform to improve the residential real estate transaction process for buyers, sellers and agents. More than 100 people are working for Evernest in Hamburg and Berlin, depending on the company’s digital brokerage platform, marketing services, agent training and support processes to facilitate an efficient, streamlined home transaction experience.

In March 2021, Evernest successfully closed a EUR 6 million seed financing round. New York City-based Prudence led the Series A round, accompanied by Kibo Ventures from Madrid. Furthermore, Bonsai Partners participated in the financing together with existing Evernest investors Project A Ventures and APIC.

As one of the top global early-stage VCs in Proptech, Prudence will provide valuable guidance for Evernest's product capabilities and geographical expansion. Prudence was one of the early investors of Compass, a leading American Proptech company which went public in March 2021.

Kibo Ventures is one of the leading investors in Southern Europe, with a strong track record in supporting founding teams in their international expansion. Kibo Ventures, together with new investor Bonsai Partners, will help support Evernest’s expansion into Spain and other Southern European markets.

"We are extremely pleased to welcome such experienced international investors to the Evernest family," said Christian Evers, founder and CEO of Evernest. "The new capital will enable us to expand our technology platform while rapidly entering new markets in Germany and throughout Europe."

Gavin Myers, Founder & Managing Partner of Prudence added: "We are delighted to invest in Evernest and partner with Christian, Luisa and Stefan. In Evernest we see an enormous opportunity to drive digital transformation in the residential real estate transaction, commensurate with the opportunity we saw in Compass in the US and Properly in Canada. The European market still lacks innovations that we see in other international markets in proptech. but have the same demand for digitally native solutions creating superior capabilities and a more streamlined home transaction experience."

Sonia Fernández, Partner of Kibo Ventures added: “We are very excited to support the Evernest team’s expansion into Spain and other European markets where we see their business model can fully scale.”

Evernest was founded in November 2019 by Christian Evers, a former Engel & Völkers Board Member, and Luisa Haxel, who led Engel & Völkers digital strategy. Stefan Betzold, former digital managing director at Axel Springer, joined Evernest in early 2021 as the third member of the management team responsible for Product and Technology.

About Evernest

Evernest has developed a technology platform for real estate agents to make the entire process of residential real estate transactions more efficient. With the help of its full-service brokerage platform, smart marketing services and digitized support processes, Evernest offers a transparent and personalized experience for agents as well as property buyers and sellers. Founded in late 2019, currently more than 100 people are working for Evernest in Hamburg and Berlin, Germany. For more information, please visit www.evernest.com/de/.

About Prudence

Prudence is a venture capital firm investing in technology companies leading the global transformation of the real estate sector. Prudence is an early investor in companies such as Casafari, Compass (COMP), Blockchain.com, CREXi, Maxwell, Morty, Maxwell and Sundae. The firm is headquartered in New York City and has an office in London. www.prudence.vc

About Kibo Ventures

Kibo Ventures is a European VC based in Spain with $350M in assets under management covering more than 60 investments. Kibo´s investments cover 10+ relevant exits, 4 unicorns and 1 IPO. They have been an early backer of European founders from companies like Flywire ($FLYW), JobandTalent, Tier, Devo, Clarity, Sorare, or Paack. Kibo Ventures is sector agnostic and leads or co-leads early-stage rounds to support the founding teams in their international expansion. www.kiboventures.com

About Bonsai Partners

Bonsai Partners is a Venture Capital investment company based in Spain. Bonsai invests in both primary and secondary opportunities in tech startups from Europe ranging from pre-series A to series B. Bonsai Partners is managed by an experienced team with a proven track record and a strong background as VC investors, entrepreneurs and managers. www.bonsaipartners.eu

For more information, please contact: presse@evernest.com