Norban to raise SEK 34 million from Beijer Venture and Neptunia Invest.

Norban, a Malmö, Sweden-based online broker for the real estate industry, announced the completion of a SEK 34 million ($3.9M) capital increase.

The funding was raised from investors including Beijer Venture and Neptunia Invest (founded by the brothers Johan and Mikael Karlsson together with the Ehrnrooth family).

Norban, founded in 2019 by CEO Per Hedenmark and Adrian Miller, developed a software solution via which it provides a real estate brokerage service, aiming to shorten the seller buyer connection. The company is a hybrid broker, a cross between network brokers and traditional brokerage, and is active throughout Sweden in Stockholm, Gothenburg, Malmö, Helsingborg and Lund.

It previously raised $2 million in 2020 and $1.3 million in 2019.