Blok announced raising €3.5M in a funding round led by Swiss Ringier Digital Ventures.

Finland Sweden Investments 21 February 2020
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Blok, a Helsinki, Finland-based real estate company, announced the completion of a €3.5M ($3.8M) capital investment round.

The money round was led by the Swiss media group Ringier, through Ringier Digital Ventures and included financial contributions from existing investor Bonnier Ventures. The financing includes capital raise and a €700k product development loan from Business Finland.

Blok, founded in 2017 and led by CEO Rudi Skogman, developed a digital real estate agent that automates routine tasks of apartment sales through its online platform. Blok’s automated workflows allow their real estate agents to handle up to 10 times more volume. Since starting, Blok says it sold apartments worth of EUR 500 million.

Prior to this round, Blok raised $2M in 2018.