Funda
The leading real estate classified site in Netherlands.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
* | N/A | Growth Equity VC | |
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 5 % | 10 % | 3 % | (7 %) | 30 % | 13 % | 18 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 32 % | 36 % | 36 % | 24 % | 37 % | 30 % | 42 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Funda operates as the definitive online real estate platform in the Netherlands, a position it has held since its inception. The company was established in 2001 by the Dutch Association of Real Estate Agents (NVM) to consolidate housing supply and demand on an online portal. Initially, the platform exclusively listed properties from NVM-affiliated agents but later opened up to all real estate agents.
The firm's business revolves around providing a comprehensive search engine for residential and commercial properties, serving both consumers and real estate professionals. Its client base primarily consists of real estate agents who pay to list and promote properties, and a vast audience of home seekers who use the platform for free. The company generates revenue by charging realtors for listings, with options for enhanced visibility products such as premium placements, 3D tours, and videos. In 2023, this model generated a net turnover of €49.8 million. To create a more stable revenue stream amidst market fluctuations, Funda has also been exploring subscription-based models.
Funda's core service is its online marketplace, which includes the main Funda platform for residential properties and 'Funda in Business' for the commercial real estate sector. The platform is more than a simple listing service; it functions as a toolbox offering data-driven insights into the housing market, such as the Funda Index. It has evolved into a content platform with dedicated sections for consumers and agents, providing information and support throughout the buying, selling, and owning phases. The company is strategically shifting from a marketplace to a broader platform, aiming to integrate services like mortgages, insurance, and notary services to assist users throughout the entire property transaction cycle. Key milestones include the launch of its mobile app in 2010, achieving over 500 million visits in 2015, and introducing data-driven products for agents in 2019-2020. In early 2024, private equity firm General Atlantic acquired a significant minority stake, joining NVM Holding, to help accelerate the company's technological development and strategic goals.
Keywords: online property portal, real estate listings, Netherlands housing market, commercial real estate, Funda in Business, real estate agents, property search engine, Dutch property market, housing data insights, residential properties, real estate technology, NVM, property valuation tools, real estate advertising, home buying platform, commercial property listings, Amsterdam real estate, property market analysis, home selling services, real estate financial services