Europe’s leading iBuyer Kodit.io closes €1.7 million seed round to fund expansion into new EU cities – EuropaProperty

Kodit.io, the Finnish Proptech company that gives homeowners a stress-free way to quickly sell their homes for a fair price, has announced the close of a €1.7 million seed round to fund expansion into new EU cities. The round was led by Speedinvest x and Norwegian international media group Schibsted, with Icebreaker.vc providing additional funding.

“We are thrilled to back the amazing team behind Kodit.io. Its approach to revolutionize the way of buying and selling homes means a true disruption to the massive European real estate market. We are very excited to be a part of it and support the company in scaling internationally and raising additional capital,” says Mathias Ockenfels, Berlin-based Partner at Speedinvest x.

Kodit.io’s successful recent partnership with Sanoma’s Oikotie (Finland’s biggest real estate listing site and housing marketplace highlights the potential for future cooperation opportunities in various marketplaces owned by Schibsted around the world.

“We have followed the progress of Kodit.io closely since their launch and have been impressed by the team’s execution skills, attitude and capacity. We are excited to join this journey and support the growth and scaling into more countries and cities. Kodit.io has a chance to become the leader in many markets in Europe,“ says Jussi Lystimäki, Vice President for the global investment team at Schibsted Marketplaces.

Former property investor and company founder Kalle Salmi believes the time, money and effort it takes to sell your home is unnecessary when technology and processes exist that can solve most of these issues. Homeowners who use Kodit.io can receive AI-backed evaluations and cash offers for their properties within 24 hours, with no need to renovate or show homes to the public. As sellers are not part of a chain of property sales, Kodit.io can also offer flexible moving out dates.

“During the past eight months, we have seen how significantly our technology and close co-operation with real estate investors, realtors and listing portals improves the home selling and buying process,” said Kalle Salmi. “After more than one hundred customers in Finland and Estonia, we are super excited to have Speedinvest x, Icebreaker and Schibsted on board to support our growth in Europe.”