Finnish Kodit.io, an AI-powered residential real estate data platform, has raised $115 million in a combination of equity and debt, NREP reports. The round was led by NREP – the leading real estate investment company in the Nordic countries. They help Kodit.io grow in current market areas and expand into new geographical areas.
Founded in 2017 by CEO Kalle Salmi, Kodit.io is a proptech startup and the leading iBuyer in Europe providing instant offers for apartment owners. The company is aimed to make buying and selling homes easier. Also, they have developed the world’s most accurate AI-powered real estate data platform that delivers fast cash offers to home sellers and offers home buyers ready-to-move-in apartments and the revolutionary Kodit.io service concept redefining how people sell and buy homes.
The raised funds will be used to actively expand its service offering to meet all housing needs. In three years, Kodit.io has grown into Europe’s leading quick home buyer, operating in Finland, Spain, and Poland.
“We have grown to a size where it is possible for institutional real estate investors to get involved in our operations. I couldn’t imagine a better partner for us than that NREP. They are real pioneers and innovators in the real estate industry, ” says Kalle Salmi, founder and CEO of Kodit.io. (translated from Finnish)
