TheStartup.eu

Yoom.de, an innovative online platform for tenant-to-tenant residential real estate transactions, has raised further growth capital from Earlybird Venture Capital. Currently, Earlybird manages over 430 million Euros of assets for an international investor base investing in innovative, fast growing companies with outstanding management teams and high growth potential in international markets. Earlybird’s portfolio currently includes more than 25 companies in seven countries, they invested in over 70 companies and scored several successful trade sales and IPOs.

The company received seed financing from angel investors in spring 2009 while the new round is rumored to be in the single-digit million Euro amount,  following its successful market entry.

Hopefully they will use the money to put up an english version and enter other european markets.

Malte Niebuhr, Managing Director at Yoom.de, is delighted: ”Earlybird Venture Capital is a high-class investor who has already very actively supported us during our start-up phase and continues to do so in the growth phase we are now entering and very much looking forward to.

Yoom.de enables current and new tenants, landlords and asset / facility managers to efficiently execute the tenant changing process without involving real estate agents, whilst at the same time providing an economic benefit for all parties by revolutionising the value chain.

Dr. Christian Nagel, Managing Partner at Earlybird Venture Capital, comments: “Yoom.de is an innovative business model with the potential to eliminate a market inefficiency – namely high real estate agent commissions without agents providing a noticeable service or value-ad in return. The first transactions on the platform have proven that the model offers significant advantages not only to previous and subsequent tenants, but also to landlords and asset / facility managers compared to the estate agent-model. We are very convinced of the business idea.”