Stockholm-based VEQ, a venture capital firm, announced that it has led a 25M SEK (€2M) funding round in Sweden-based digital real estate broker and marketplace Norban.
Norban has been transforming the real estate industry in the country, which has been slow to adopt digitalisation. The company provides home sellers and buyers with a seamless experience in buying or selling a new home.
VEQ says that Norban has positioned itself as the foremost digital broker in Sweden, pioneering a a pre-market for housing transactions with more than 50,000 users and facilitating transactions exceeding 4B SEK (€335 M) in value.
“When we met the team behind Norban, we were very impressed with what they had accomplished in just a few years. They are changing a whole market, which feels very exciting and we are sure that they are onto something big,” says Viktor Gällström, a partner at VEQ.