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Image Credits:Nomad Homes / Helen Chen, CEO of Nomad Homes
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Nomad Homes’ Nomad Agent product.Image Credits:Nomad Homes
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Nomad Homes , a market for residential veridical estate itemization across Europe and the Middle East , closed on $ 20 million in Series A extension capital . This comes two years after securing a$20 million Series A.
Acrew Capital led the round and was joined by exist and new investors 01 Advisors , HighSage Ventures , Abstract Ventures , Partech , Precursor Ventures , Potluck Ventures , Knollwood and several undisclosed hedge funds .
Nomad Homes , co - founded by Helen Chen , Daniel Piehler and Damien Drap in 2019 , presently operates in France , Spain , Portugal and the United Arab Emirates . They created an infrastructure , alike to the Multiple Listing Service in the U.S. , for country where the buying and merchandising of homes is complicated .
These realm describe for some $ 2 trillion of sales minutes per year , however , the absence of an infrastructure to guide seamless transactions leaves purchaser unrepresented and agents that do n’t work together . Nomad aims to improve the efficiency of real landed estate transactions .
In February , the company add a business - to - business component called Nomad Agent , which provides a connection for literal estate agents to collaborate with one another and standardize commission share-out to boost earning potential , CEO Chen tell TechCrunch .
“ A clump of airplane propeller techs in our securities industry and in our space are squinch and closing business stemma , but we ’re actually doing the precise opposite by launch Nomad Agent , ” Chen enounce . “ Our companionship has been , overall , doing incredibly well . We ’ve been growing receipts 6x year over twelvemonth , and we ’ve grown 24x since our Series A and have grow to a squad of over 100 . ”
The new funding will be used to accelerate the establish - out of Nomad Agent , expand the troupe ’s mortgage capabilities and further build out its AI - power co - pilot instrument for emptor to provide automatise testimonial .
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Up next , the ship’s company is planning to reach profitability by ahead of time next yr , with Chen take note that Nomad Homes ’ “ gross margin is already above 80 % and forecasted to increase , which is helping to force our itinerary to lucrativeness . ”
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