Kodit homes in on $117m

Oct 30, 2020 • Robert Lavine

The Adevinta-backed online property marketplace has secured debt and equity financing in a round led by real estate investor NREP.

Real estate investment fund NREP led a €100m ($117m) equity and debt financing round yesterday for Kodit,io, a Finland-headquartered online real estate portal backed by e-commerce company Adevinta.

The company did not disclose the ratio of debt and equity in the round or the identity of any other participants.

Kodit has built an online real estate listings platform that uses artificial intelligence to help users in Finland, Spain and Poland buy and sell properties more easily.

Prospective buyers can move…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.

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