Swedish investment platform Kameo raises €1.29M to finance real estate projects throughout Scandinavia

Stockholm-based Kameo, an investment platform facilitating direct investments in property project loans across Scandinavia, announced that it has secured £1.1M (approximately €1.29M) in a fresh round of funding. 

The investment came from Stockholm’s Incore Invest as part of a £2.26M share issuance. Having used the platform for years, the Incore team is backing Kameo’s loan marketplace solution to democratise access to secured real estate investments.

Investment platform for property loans

Founded in 2016, Kameo is a financial platform democratising investment opportunities, connecting over 65,000 retail and institutional investors to secure loans for real estate projects in Scandinavia.

Simultaneously, the firm provides flexible financing for real estate developers. Kameo has facilitated 1,000+ loans totalling over NOK 5B, offering investors an average net return of over 9 per cent annually.

With over 65,000 registered users, Kameo facilitates investments ranging from £38 to NOK 700M in property development loans. The company’s largest shareholder since 2019 is ABG Sundal Collier.

Capital utilisation

Incore Invest’s investment will support Kameo’s growth and expansion. Kameo aims to double facilitated loan value in 2024 and 2025.

Nicolai Chamizo, CEO of Incore Invest, joins Kameo’s board in an advisory role for oversight during this expansion.

Sebastian Martens Harung, CEO and co-founder of Kameo, says, “Incore Invest is an ideal match for Kameo. We are excited about the prospect of collaborating with the company to further accelerate Kameo’s growth, bolstered by its expert leadership team and demonstrated track record of successfully scaling up prominent fintechs.”

“The inclusion of Nicolai Chamizo on our board will be a vital asset as we approach this important phase of our development and gives us even greater support to continue navigating a sector in flux,” adds Harung.

Brief about the investor

Founded by Nicolai Chamizo, Incore offers growth-stage investments to help founders and management teams to facilitate business expansion. The firm uses sector expertise and networks in the European tech space, backed by entrepreneurs and family offices from Northern Europe.

Speaking about the investment in Kameo, Chamizo says, “Kameo is a game-changing company in the property investment sector and looks primed for a breakout year in 2024.”

“With Incore Invest’s support, we’re making it easier for developers to get the funding they need, whilst also making it possible for private investors to invest in high-quality loans through an easy-to-use, modern platform.”

“We’re fully committed to leveraging our deep expertise and powerful network to enhance the company’s market presence and operational excellence along its exciting growth journey,” adds Chamizo.