Munich, January 13, 2021 - Munich-based PropTech EverReal GmbH, the provider of the first and only integrated software for the rental and sale of real estate in Germany, has grown dynamically in fiscal year 2020. "Regardless of all the challenges, 2020 was a strong year for us. The pandemic-fueled shift to digital ways of working also had an impact on the real estate industry. This was certainly also an important driver for the increased demand for our product," explains Nessim Djerboua, co-founder and CEO of EverReal GmbH. "Our client portfolio and revenue have more than doubled, and our team is now 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 client portfolio has grown by 120 percent. Many new corporate clients, from various sub-sectors of the real estate industry, have relied on EverReal for real estate transactions since 2020.
These include portfolio owners such as INDUSTRIA WOHNEN, real estate service providers and managers such as Berlin Immobilien Management and Pandion Service, and brokerage firms such as Heger Immobilien and the Strenger Group, which are active in project development is active in project development. The up-and-coming PropTech Home.ht has found the ideal software provider for contactless rentals in EverReal. Overall, sales grew by around 150 percent over the course of the year and the number of units rented and sold with EverReal in Germany to around half a million.
Significant further development of the product in 2020. Innovative function available in Q1 2021
Thanks to respective additions to the range of functions, a fully integrated credit check by SCHUFA has been possible since 2020, as has increased collaboration between EverReal users within a company using Task Manager. New additional automation options within the rental process also offer even greater time savings. For example, users can specify certain criteria with which the software automates invitations to viewing appointments. The electronic signature function, known as e-signature, has also been steadily refined. "We noticed a substantial increase in the Use of E-Signature. In 2020, more than 1,000 leases processed through EverReal were signed electronically. This represents an increase of more than 300 percent since the introduction of this option in 2019," explains Nessim Djerboua and adds, "For 2021, we expect at least a tenfold increase in the number of electronic lease signings."
More benefits for the real estate industry with strong partnerships
As in previous years, EverReal expanded its partner network in 2020. In addition to the existing partnerships with companies such as SCHUFA, Hausbank München and casavi, EverReal now also cooperates with TQMT Managementsysteme GmbH, consulting company for the real estate industry on digitalization, among other things, and REALCUBE, API-first platform for the management of portfolio properties.
BayBG joined as new investor
2020 EverReal GmbH has gained BayBG Bayerische Beteiligungsgesellschaft mbH as a new investor, after HighTech-Gründerfonds (HTGF) and Seed X had already committed to 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 work processes surrounding real estate rentals from A to Z, making them 80 percent more efficient. In 2021, the software continues to develop with a strong unique feature. We are pleased to accompany the young company on its way."
Outlook 2021: new financing round, new function and new markets
EverReal has set itself the goal of continuing its dynamic growth in fiscal year 2021. Among other things, this will include a further doubling of the customer portfolio and expansion into Austria and Switzerland as the company's first foreign markets. On the product side, there will be several innovative expansions: During 2020, the EverReal team has been working intensively on a brand new feature that is highly demanded in the market and will revolutionize business partner interactions and collaboration in the industry. The launch of the new feature is already planned for Q1 2021.
To finance the future growth of the company, there is also to be a further round of funding during the year.
Tel.: +49 30 28 44 987 62