Ownr secures a €12.5 million capital raise from Atlantic Labs et al.

Ownr, a Hamburg, Germany-based real estate company, announced that it secured financing of €12.5 million ($14.6M).

The money was raised from new and existing investors, including Berlin based Atlantic Labs.

Ownr, founded in 2017 by Nils T. Kohlen and Roland Wenidoppler, built a business based on living space leasing.

The company developed a technology platform that allows customers to select their desired property from the entire portfolio of the Hamburg property market, have it renovated to their individual specifications, and then lease it. Ownr then purchases properties and transfers them to the rental market, giving large numbers of lessees a unique living experience with the chance to own the property in the medium term.

Ownr previously raised about €4M.