Greece-based Protio has raised €2 million in funding for its apartment investment platform to boost the real estate industry in Greece and beyond.
Led by Neogen Capital, the pre-seed round saw the participation of international and Greek investment funds.
Lars Rasmussen, angel investor and co-founder of Google Maps and Genesis Ventures, and Seedblink, the crowd investing platform also participated in the round together with twenty more angel investors, from Greece, Germany, Switzerland, and India.
In today’s times where we are all racing toward a net-zero world, turning old homes into energy-sustainable apartments with a minimal CO2 footprint introduces a new type of sustainable development.
Founded in 2021, the proptech platform’s ‘Rebuild-To-Rent’ model addresses the housing crisis prevailing in Europe.
Protio is upgrading old apartments, using advanced technologies to renovate and make them energy efficient.
The firm claims that property owners can offer their apartments for sale and receive an offer from Protio within just 24 hours.
At the same time, individuals also get to invest in apartments and secure a new income, in a transparent, hassle-free, and digital-first way.
Apartments available on Protio are off-market and exclusively accessible through the platform. After completing the rental agreement, Protio manages the apartment, guaranteeing the investor’s income for the first year.
The platform also offers real estate agents a new channel to make more home transactions.
The startup has first made inroads in Athens and plans to expand to other cities now.
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