SMP advises proptech Homeday on Euro 40 million financing round

Berlin — SMP advi­sed Berlin-based proptech Home­day on its latest finan­cing round. The joint venture consis­ting of Axel Sprin­ger and Purple­bricks is again inves­t­ing in the company. As part of this finan­cing round with a total volume of 40 million euros, the joint venture increa­ses its stake in Home­day to over 54%. Accor­ding to its own state­ments, the online portal, which specia­li­zes in the brokerage of brokers, plans to invest the capi­tal raised in tech­no­lo­gi­cal deve­lo­p­ment and further expan­sion. Home­day recei­ved compre­hen­sive legal advice from SMP part­ners Martin Scha­per and Peter Möllmann.

About Home­day
Home­day is a proptech company based in Berlin. In 2015, Home­day was foun­ded by Stef­fen Wicker, Dmitri Uvarov­ski and Phil­ipp Reichle and has since been broke­ring real estate agents across Germany via its online plat­form. The tech­no­logy company employs around 200 people and 180 inde­pen­dent Home­day brokers across Germany.

About SMP
SMP is a specia­list tax and commer­cial law firm opera­ting in the core areas of corpo­rate, funds, liti­ga­tion, tax and tran­sac­tions. SMP attor­neys and tax advi­sors repre­sent a wide variety of clients. These include emer­ging tech­no­logy compa­nies and family-run medium-sized enter­pri­ses as well as corpo­ra­ti­ons and private equity/venture capi­tal funds. Since its foun­da­tion in 2017, SMP has become one of the leading addres­ses for venture capi­tal, private equity and fund struc­tu­ring in Germany. The firm and its part­ners have been reco­gni­zed natio­nally and inter­na­tio­nally by JUVE, Best Lawy­ers, Legal 500, Focus, and Cham­bers and Part­ners. Today, SMP employs over 50 expe­ri­en­ced lawy­ers and tax advi­sors in three offices in Berlin, Hamburg and Cologne.

Advi­sors to Home­day: SMP Schnitt­ker Möll­mann Partners
Dr. Martin Scha­per, Photo (Lead), Partner
Dr. Peter Möll­mann, Partner