Stockholm-based VEQ, a venture capital firm, announced that it has led a 25M SEK (€2M) funding round in Sweden-based digital real estate broker and marketplace Norban.
Norban has been transforming the real estate industry in the country, which has been slow to adopt digitalization.
The company provides home sellers and buyers with a seamless experience in buying or selling a new home.
VEQ says that Norban has positioned itself as the foremost digital broker in Sweden, pioneering a pre-market for housing transactions with more than 50,000 users and facilitating transactions exceeding 4B SEK (€335 M) in value.
Norban is a real estate technology firm that assists individuals in selling their homes by providing an integrated marketplace and brokerage service.
Its mission is to deliver customer value to sellers and buyers in the real estate market.
Norban is committed to changing industry norms by prioritizing people over fast-paced business practices. It aims to ensure services that prioritize individuals’ needs and preferences.
For brokers, Norban promises a transformative daily work experience. Instead of focusing only on commission-based models that often lead to stress, Norban provides a secure, supportive, and focused workplace environment. It sets professional growth for its team members on top.
With Norban, clients can expand their reach to more buyers, enhancing the likelihood of achieving a higher final selling price, and reducing costs associated with third-party
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