Justhome, a next generation home financing startup, has raised €3.3 million in a pre-seed funding round led by Target Global.
APX, the Berlin-based early-stage fund backed by Europe’s leading digital publisher Axel Springer and Porsche also participated in the round, alongside a number of industry-leading angel investors.
Launched this year to simplify what can be a confusing and intimidating homebuying process, Justhome is building a digital service to help more people afford a home against a challenging economic backdrop.
The funding will be used to further build out Justhome’s digital home financing platform and develop its own financing solutions. The Berlin-based startup provides customer with the ability to receive pre-approved mortgage options delivered in minutes from more than 700 lenders in a market where nearly 50% of German mortgage seekers still turn to their local bank for property financing, missing out on the opportunity to compare the best rates available.
Justhome’s vision extends beyond better brokerage, with the company developing its own financing solutions specifically targeted to enable first-time homebuyers to expand their budget and responsibly purchase a property where they otherwise would not have been able to.
