EverReal GmbH doubles its customer portfolio and revenue in 2020 and continues on its expansion course in 2021

• Customer portfolio and revenue both more than doubled

• Partner network and range of functions further expanded

• Team grows from five to 23 employees

• New product function, new financing round, and new markets planned for 2021

Munich, January 13, 2021 - The Munich-based PropTech EverReal GmbH, provider of the first and only holistic software for renting and selling real estate in Germany, grew dynamically in the 2020 financial year. "Despite all challenges, 2020 was a strong year for us. The shift to digital working methods, which was boosted by the pandemic, was also evident in the real estate industry. This was certainly also an important driver for the increased demand for our product," explains Nessim Djerboua, co-founder and Managing Director of EverReal GmbH. "Our customer portfolio and our revenue have more than doubled, and our team today is actually more than four times larger than it was a year ago."

Customer portfolio with 120% and revenue with over 150% growth

Over the past twelve months, EverReal's customer portfolio has grown by 120 percent. Many new corporate clients from various sub-sectors of the real estate industry have been relying on EverReal for real estate transactions since 2020. These include asset holders such as INDUSTRIA WOHNEN, real estate service providers and managers such as Berlin Immobilien Management and Pandion Service, as well as brokerage firms such as Heger Immobilien and the Strenger Group, which are active in project development. The up-and-coming PropTech Home.ht has found the ideal software provider for contactless renting with EverReal. Overall, revenue grew by around 150 percent over the course of the year, and the number of units rented and sold with EverReal in Germany rose to around half a million.

Significant further development of the product in 2020. Innovative function available in Q1 2021

Thanks to corresponding expansions in the scope of functions, a fully integrated credit check by SCHUFA has been possible since 2020, as has increased collaboration among EverReal users within a company using a Task Manager. New additional automation options within the letting process also offer even greater time savings. For example, users can define certain criteria that the software uses to automate invitations to viewing appointments. The electronic signature function, the so-called e-signature, was also continuously refined. "We are seeing a significant increase in the use of e-signatures. In 2020, more than 1,000 rental agreements processed via EverReal were signed electronically. This represents an increase of more than 300 percent since this option was introduced in 2019," explains Nessim Djerboua, adding: "For 2021, we expect at least a tenfold increase in the number of electronic tenancy agreement signatures."

More benefits for the real estate industry through strong partnerships

As in previous years, EverReal also expanded its partner network in 2020. In addition to the existing partnerships with companies such as SCHUFA, Hausbank München, and casavi, EverReal is now also cooperating with TQMT Managementsysteme GmbH, a consulting firm for the real estate industry focusing on areas like digitalization, and REALCUBE, an API-first platform for managing existing properties.

BayBG joins as a new investor

In 2020, EverReal GmbH won BayBG Bayerische Beteiligungsgesellschaft mbH as a new investor, after HighTech-Gründerfonds (HTGF) and Seed X had already invested in EverReal at the end of 2019. Tobias Schulz, Senior Investment Manager at HTGF, has already signaled further interest in financing EverReal: "With its real estate software, EverReal has already digitized the workflows around property letting from A to Z, making them 80 percent more efficient. In 2021, the software will continue to evolve with a strong unique feature. We are pleased to accompany this young company on its journey."

Outlook 2021: new financing round, new function, and new markets

EverReal has set itself the goal of continuing its dynamic growth in the 2021 financial year. This includes further doubling its customer portfolio and expanding into Austria and Switzerland as its first foreign markets. On the product side, there will be several innovative expansions: Throughout 2020, the EverReal team worked intensively on a brand-new feature that is highly demanded by the market and will revolutionize interaction and cooperation with business partners in the industry. The launch of the new feature is already planned for Q1 2021.

In addition, there is to be a further financing round in the course of the year to finance the company's future growth.

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