Norban secured $1.3M for expanding its digital real estate services to Stockholm.

Norban, a Malmö, Sweden-based company developing a mobile solution for the real estate industry, completed a SEK 12M ($1.3M) capital investment round.

The funding values the company at SEK 50M ($5M) and was supported by local angel investors, including Johan Tjärnberg, Pontus Kristiansson, Fredrik Röhnisch, and Roger Stjernborg Eriksson.

Norban, founded in 2019 by CEO Per Hedenmark and Adrian Miller, build a software solution that helps providing more efficient real estate services, as it shortens the seller buyer connection and acts as a hybrid broker, a cross between network brokers and traditional brokerage.