Netherlands-based HousingAnywhere has received €8M in medium-term venture debt financing from BNP Paribas.
The funding will support strategic acquisitions, product development, and market expansion.
BNP Paribas is a leading global financial services company, with HousingAnywhere outlining its hope that the funding will start a long-term collaboration between the real estate portal and the financier.
A press release published last week said:
"This partnership marks the beginning of a collaborative journey aimed at revolutionizing the real estate industry through innovative technology solutions, and fulfilling HousingAnywhere's mission to enable more people to find a new home where and how they want in the world.
"The capital injection will play a pivotal role in accelerating HousingAnywhere's ongoing growth strategy, as it will facilitate strategic acquisitions, fuel product development initiatives, and support the expansion of its market presence."
Djordy Seelmann, CEO at HousingAnywhere, said:
"This agreement is just the first step in our partnership with BNP Paribas, which fully supports our vision to set a new standard in the rental industry. Our commitment to growth includes expanding our market reach and enhancing our cutting-edge technology solutions to meet evolving rental needs.
"With this capital infusion, we not only maintain our position as industry leaders but also expedite our mission to empower more people to find their ideal homes wherever they want in the world."
HousingAnywhere is no stranger to acquisitions, with a string of buyouts serving as the base of its European expansion, such as a 24M€ Series C funding round specifically to target the acquisition of compatriot Kamernet in 2021 and taking a majority holding in Studapart completed in February 2022. Other acquisitions include Italian rentals specialist Stanzazoo, Rentmate in Iceland, and Studenten WG in Germany.
HousingAnywhere is Europe’s largest mid-to-long-term rental platform. It serves young professionals and students, primarily aged between 18 and 35, connecting them with accommodation providers ranging from private real estate owners to large-scale property managers. The firm has a strong grip in Europe, and expanded to key cities in the US, establishing a presence in over 125 cities this summer.
Meanwhile, BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.