Berlin PropTech McMakler Raises New Capital Investment

Berlin's hybrid real estate platform McMakler has successfully closed a new financing round, securing double-digit millions from prominent investors. The funding round was led by Kreos Capital, part of BlackRock, alongside Target Global, with support from all existing shareholders.

According to the company's press release, McMakler will use the fresh capital to enhance product quality and accelerate its growth trajectory. The Berlin-based PropTech company has demonstrated strong financial performance, achieving profitability and positive cash flow in the months leading up to the funding round.

"The shareholders' support during negotiations and the successful completion of this financing round clearly demonstrate their confidence in McMakler," said CEO Benedikt Manigold, as stated in the press release. "We've proven that McMakler has a resilient business model and future-ready strategy to succeed in what remains a challenging market."

McMakler's competitive edge lies in combining an innovative tech platform with intensified focus on customer consulting and on-site service. The company leverages experience from over 30,000 successful transactions completed in recent years, positioning itself as Germany's most recognized real estate brokerage and fastest-growing hybrid broker.

Operating across Germany and Austria, McMakler employs more than 300 real estate agents across 35+ locations, supported by over 150 employees at its Berlin headquarters where the company develops its analysis and marketing technology.

"With the new capital and significantly improved profitability, we're well-positioned to leverage our strengths more effectively, consistently advance our strategy implementation, and scale the business further," Manigold explained.