EvoEstate closes 180,000 EUR funding round
Gustas Germanavičius February 04, 2020
Dear Evo Investors,
I’m glad that after some time I’m able to officially announce that our first funding round has been completed. The current funding round was led by Startup Wise Guys, Europe leading B2B accelerator and one of the largest investors in early-stage startups in Europe, Business Angels II Fund, a Vilnius-based fund, and business angels that with a lot of experience in real estate and asset management. Startup Wise Guys’ current Fintech 3 fund is run in cooperation with Swedbank.
The overall portfolio of Startup Wise Guys has already attracted €13M+ in investment for Fintech startups. It includes the leading business crowdfunding platforms like Investly and Estate Guru. EvoEstate has, therefore, become a worthy addition to this list.
Dmitrij Sosunov, Managing Director at Startup Wise Guys/Fintech 3, said in this regard: “We are really excited to add EvoEstate in our portfolio. We believe they will be able to generate additional value to our portfolio companies: Estate Guru and WellTrado. Also, the growth they have been showing since their launch provides a positive outlook for their future development.”
Together with the investors who have joined our company, we are proud to say, that our team has experience selling over €15M+ property, 100+ property units development and completion of close to 1000 property investments all over the last few years. With this announcement, we have updated our about us page and you’ll be able to see who has also joined us as a company advisors.
We will use these funds, to strengthen our growth, work on improving the users' experience and grow our team. We are currently hiring a PHP Symfony developer and a content writer with a financial background, if you or someone you know might be interested in working with us - send us an email with a resume or LinkedIn to email@example.com.
Lastly, we'll be establishing investors protection fund. To further increase the security of investing with EvoEstate we will be setting aside 10,000 EUR for investors protection fund. This will be part of our activities continuity plan where these funds would be used in case of our default to appoint a contractual entity that would facilitate all the remaining transactions. We will have a separate article about this fundraising round and investor's protection fund with an overview of how it would work and official statements of this account establishment.