Rotterdam-based Dwello, a startup that claims to be the first marketplace in the Netherlands where investors can digitally buy and sell investment properties, announced on Wednesday that it has raised €600K to continue its growth after its first pilot phase.
The company mentions in a statement that the funds came from various angel investors and family offices.
Making investing in rental properties accessible to everyone
Founded in 2021 by Martijn Dijkstra and Daniel Vinig, Dwello aims to disrupt the real estate investment market. The company believes that by digitising the investment flow, buyers can go from analysis to closure with ease, and sellers can expand their reach to a national audience as the platform expands.
Dwello’s aim is to create a transparent and efficient market, and help investors find the right properties to buy.
Co-founder Martijn Dijkstra says, “In contrast to the consumer housing market, investors approach real estate investing from an analytical perspective. By offering smart tools, extensive analysis, and by creating a direct link between supply and demand, our platform realises a more transparent and efficient market that will result in cost savings and smoother transactions.”
Dwello provides real estate buyers and sellers with a streamlined and time-saving approach by integrating smart technologies. The company says each of the properties is examined thoroughly by verified Dwello analysts. This helps buyers quickly assess the viability of various investments and predicted returns using a built-in calculating tool.
Buyers are immediately linked to the seller of the chosen property when the best opportunity is identified, and the digital bidding process then begins. When the sale is completed, the online purchase agreement is signed by both parties and closure is initiated by the platform-affiliated notary.
Funds to grow in Europe
Since its launch in 2022, Dwello has attracted 3,000 registered users and advertised more than 100 houses. In 2023, Dijkstra and Vinig aim to raise these figures and then expand internationally.
The current funds will be utilised to continuously improve the platform’s technological aspects in addition to supporting expansion. Unlike any other site, Dwello says its new features will make it easier for investors to locate opportunities and manage the real estate market.
Co-founder Martijn Dijkstra says, “Due to the rising interest rates and lack of clarity in regulations, 2022 saw a sharp decrease in the number of transactions throughout the market. Although the transaction volume will follow the economic conjuncture, we are sure that 2023 will bring many investment opportunities.”
“We are continuously innovating to simplify and optimise Dwello’s process for both demand and supply. Starting with the release of a new update in Q1 to create an even smarter platform offering improved analytics on the feasibility of investments. We are convinced that digital is the future of real estate investing,” adds Dijkstra.