We advised TMT Investments, a Jersey-based VC, on their investment into EstateGuru, a pan-European marketplace for short-term, property-backed loans.
Wide interest from the market
EstateGuru announced the successful closure of its Series A funding round, with investments coming from Switzerland, United Kingdom, Czechia, Austria, Germany, and Cyprus. The round was led by TMT Investments, known also as an early investor in both Bolt and Pipedrive. Among others, VCs such as Verve Ventures, Immo Lab, J&T IB, and the investment banking arm of the Czech investment bank J&T, Capital Markets, participated in the round.
The startup’s new round of funding follows its successful equity fundraising round on the Seedrs platform in May this year, which exceeded the initial target by 260%, and hit its target within just four days. EstateGuru has been thriving thanks to retail investors’ support for the business model since the very beginning of the company, with 41% of new investors coming from referrals and 90% of investors doing so repeatedly. The team states one in two borrowers return to EstateGuru in five years to take out on average six loans.
Founded in 2013, EstateGuru aims to break down the barriers to investing in secured property loans, making it no longer just a luxury only available to the ‘wealthy and well-connected’. At the same time, it helps entrepreneurs and visionaries in the property development business who struggle with the ‘one-size-fits all’ solutions offered by banks and major financial institutions. Now more than half a decade later, the team has facilitated more than 2500 loans worth in excess of EUR 380 million.
Our services and client team
We advised TMT Investments throughout the process, including conducting legal due diligence and negotiations.
Our client team was led by counsel Lauri Liivat, supported by associate Vladislav Leiri and partner Toomas Prangli.