McMakler raised €50 million in a Series C financing round led by Target Global and Israel Growth Partners

McMakler, a Berlin, Germany-based real estate company, announced securing funding of €50 million ($56M).

The money represent series C round and was raised from investors led by Target Global, and Israel Growth Partners, with participation from existing investors, including Frog Capital.

In addition to the equity financing, the round also includes an extensive debt component of more than €10 million.

Proceeds will be used to enhance the in-house-technology and digital tools to increase efficiency to provide a faster, transparent and quicker marketing process for sellers and buyers, as well as to further expand its teams in Germany, Austria and France.

McMakler, founded in 2015 by Felix Jahn, Hanno Heintzenberg and Lukas Pieczonka, built a full-service real estate agency, combining innovative analysis-, marketing- and communication technology with personal on-site advisory by regional real estate agents. In 2018, the company achieved 500% year-on-year increase in transaction volume with procured real estate volume of €400m.