It's time to revolutionize long-term renting - Dwellet closes funding round

New tools such as AI, automation and chatbots are often used when selling an apartment but Dwellet aims to revolutionize renting with more effective and automated process. These guys are licensed realtors building a platform for long-term renting and now their first round was oversubscribed.

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They are hacking it! Founders attended FiBAN Pitch Finland already in December 2017, but
decided to launch their service themselves and bootstrap for the first year. After +200 listed
apartments, the company now closed their pre-seed funding round in order to match Business
Finland’s Tempo grant and to find new advisors. Dwellet has raised 45.000€ and combined the
capital with 50.000€ grant from Business Finland. With cash flow from paying customers, their
runway is set to last 9-12 months.

“Sometimes it takes a while to get all the right pieces together. While their appearance in Pitch
Finland did not lead to immediate investment, since then the team has worked closely with a small group of investors developing the product, service offering, go-to-market strategy and the team. Now the case looks like a very solid investment opportunity.” comments Reima Linnanvirta, FiBAN Vice Chair and one of the investors in the syndicate.

With the gathered 95.000€ the company is hiring, further developing their tools and test marketing
in other countries. They aim to become a major renting service for both private and corporate
landlords in Finland before expansion to Europe. The team has set their sight to expansion in
2020. “In European Union almost 160M people are renting an apartment and the number is
increasing. We might be the only solution combining realtors’ hands-on attitude to new technologies.”
CEO and co-founder Henri Haaksiala explain their secret sauce.
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“As online broker businesses in sales and Airbnb types of services in renting have become
successful worldwide, we believe that renting is the next big think in real estate disruption.”
Haaksiala says. Dwellet hasn’t launched any app or website but instead they are co-operating with
the biggest apartment marketplaces in Finland and building features on top of their solutions. This
approach has been successful and can be imported to other markets.

Congratiolations Dwellet - Way to go!

​More Information:
Henri Haaksiala, CEO Dwellet Oy, henri.haaksiala(at)dwellet.fi
Amel Gaily, FiBAN Deal Flow Manager, amel(at)fiban.org