Norban Secures €2 Million Funding to Revolutionize Sweden’s Real Estate Market

Sweden’s real estate landscape is undergoing a transformation, thanks to Norban, a pioneering housing marketplace and brokerage service. In a recent funding round, Norban secured €2 million (25 million SEK) in investments, propelling the company towards its goal of reshaping the traditional real estate market. VEQ led the funding round, with participation from notable investors like Neptunia Invest, Beijer Ventures, Falvir, Tibia Konsult, and Johan Tjärnberg, underlining the industry’s confidence in Norban’s vision.

What sets Norban apart is its innovative approach that seamlessly merges traditional brokerage services with its groundbreaking Pre-Market platform. This unique concept empowers property sellers by offering them a glimpse of the market’s potential without the burden of upfront advertising costs. Per Hedenmark, CEO of Norban, proudly shares that nearly half of the properties are sold even before they hit the open market, all thanks to the Pre-Market platform.

The democratizing potential of Pre-Market has caught the attention of investor VEQ, who sees Norban as a catalyst for the digital transformation of the real estate sector. This synergy between human service and technology is at the core of Norban’s mission.

Currently, Norban serves a thriving community of nearly 50,000 users, encompassing both sellers and buyers. The company has facilitated transactions with a total property value exceeding a staggering 4 billion SEK. Operating in key Swedish cities such as Stockholm, Gothenburg, Malmö, Helsingborg, and Lund, Norban is rapidly gaining momentum in its quest to redefine the real estate landscape.

Norban’s journey began with the vision of its founders, Per Hedenmark, Adrian Miller, and Daniel Bergström. With this new funding injection, Norban is poised to take significant strides towards its mission of revolutionizing the Swedish real estate market.

As Norban continues to expand its footprint and influence, it stands as a testament to the power of innovation in an industry ripe for change. The €2 million funding round represents not only a financial milestone but also a symbolic step towards a future where real estate transactions are more efficient, accessible, and transparent for all stakeholders.