Amsterdam and Tallinn-based startup Consorto is a pan-European commercial proptech B2B online marketplace connecting professional investors to commercial real estate investment opportunities. The startup has just raised seed funding round of €500k.
Consorto was founded in 2018 and features commercial real estate listings from office, industrial, retail, hotels and resorts, land, mixed use, special purpose, and development sectors. On its platform, users can create, view, and save personal listings reports and connect with interested buyers to close deals.
The investment will allow further development of Consorto’s digital platform, which provides AI-driven deal matching and deal-flow automation.
“Consorto improves cross-border commercial real estate searches, allowing our registered users to generate relevant leads in less time,” said founder and CEO Philip Verzun.
“It can be difficult for investors to source cross-border investments in Europe without access to the right contacts. This is where we come in, helping investors find new deals and realtors and developers to grow their business.”
“Consorto has the potential to become the number one CRE marketplace in Europe,” said lead investor Boris Skvortsov. “The team is experienced, motivated and supported by advisors including StartUp Wise Guys and Zenith Family Office.”
“I believe the business model — consolidating commercial property online and offline offers in single platform and creating a handy tool for market participants — has a lot of potential,” said Marek Pärtel, the co-founder of EstateGuru.co, who also invested in Consorto. “The market needs more transparency and disruption to shake the dominance of big players.”
Agents and developers can register for free on Consorto to begin uploading their properties and searching. Listing is free of charge and users only pay a fee once their property is sold.
Consorto is a finalist in the Market section of the BUILTWORLD Innovation Contest at ExpoReal 19 in Munich, Germany in October.
The company recently graduated from Startup Wise Guys B2B SaaS acceleration programme in Tallinn, Estonia. Startup Wise Guys is Europe’s most experienced B2B startup accelerator, and one of the most active early-stage investors in the region. It has invested in and accelerated almost 150 new businesses from more than 40 countries.