ECE Get Started Programme Alumni NestPick has secured 11 million in a Series A investment from Mangrove, Enern, and Rocket Internet. Nestpick’s technology allows renters to book homes without the need for in-person viewings and simplifies the letting process for landlords.

“In five years from now, people will be renting their homes entirely online, bringing fairness, transparency and joy into the broken real estate market. This investment will help us create a better experience for our landlords and tenants, taking us closer to our vision”, says Fabian Dudek, founder and CEO.

Initially launched as a platform for international students and expats, nestpick has broadened its scope to become the destination for everyone to find their next home. By now more than 33% of tenants are locals. “This company is solving a real pain point for consumers by creating a seamless rental experience entirely online. At Mangrove we focus on disruptive concepts that solve real problems. nestpick is achieving this by bringing reliability and convenience for both tenants and owners to the next level. We are excited to add nestpick to our portfolio and look forward to supporting them on their path to become a global market leader”, concludes Hans-Jürgen Schmitz, Mangrove’s co-founder.

In the past year nestpick listed more than 21,000 homes and transacted over €16 million in rental income for landlords. “Landlords have largely relied on classified websites as their main source for showcasing their inventory. By joining nestpick’s booking platform, property owners and landlords save both money and time in the process of finding new tenants. More importantly, nestpick helps landlords to optimize the occupancy rate of their properties”, says Dr. Patricia Moubarak, co-founder and COO.

For the complete press release check out the nestpick website.