Berlin — SMP advised Berlin-based proptech Homeday on its latest financing round. The joint venture consisting of Axel Springer and Purplebricks is again investing in the company. As part of this financing round with a total volume of 40 million euros, the joint venture increases its stake in Homeday to over 54%. According to its own statements, the online portal, which specializes in the brokerage of brokers, plans to invest the capital raised in technological development and further expansion. Homeday received comprehensive legal advice from SMP partners Martin Schaper and Peter Möllmann.
About Homeday
Homeday is a proptech company based in Berlin. In 2015, Homeday was founded by Steffen Wicker, Dmitri Uvarovski and Philipp Reichle and has since been brokering real estate agents across Germany via its online platform. The technology company employs around 200 people and 180 independent Homeday brokers across Germany.
About SMP
SMP is a specialist tax and commercial law firm operating in the core areas of corporate, funds, litigation, tax and transactions. SMP attorneys and tax advisors represent a wide variety of clients. These include emerging technology companies and family-run medium-sized enterprises as well as corporations and private equity/venture capital funds. Since its foundation in 2017, SMP has become one of the leading addresses for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus, and Chambers and Partners. Today, SMP employs over 50 experienced lawyers and tax advisors in three offices in Berlin, Hamburg and Cologne.
Advisors to Homeday: SMP Schnittker Möllmann Partners
Dr. Martin Schaper, Photo (Lead), Partner
Dr. Peter Möllmann, Partner