
Unite Living
Providing an automated platform for pairing residential real estate owner/lessors.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor | €0.0 | round |
investor | €0.0 | round | |
N/A | €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
investor investor investor investor investor | €0.0 Valuation: €0.0 30.0x EV/Revenue 284.4x EV/EBITDA | round | |
* | NOK5.0m | Grant | |
Total Funding | 000k |
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | (53 %) | (22 %) | 535 % | 68 % | 42 % | 69 % | (28 %) |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% EBITDA margin | (488 %) | - | (17 %) | 28 % | 11 % | - | - |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | (392 %) | (349 %) | (91 %) | (43 %) | (57 %) | (53 %) | - |
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, Dealroom estimates
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Unite Living AS operates as a Norwegian property technology company, providing a digital platform to streamline and automate residential property rentals. The firm was established in 2016, initially as Uninite, by founders Øyvind Hasund Dahl, Risul Islam, and Christian Wierød. The initial concept behind the company was a matching service for roommates, which later evolved into a comprehensive management system for the rental market. Christian Wierød, who serves as the CEO, was recognized by Kapital magazine as a young talent shaping the future of the real estate market.
The company's business model is centered on a SaaS platform that serves professional landlords, property managers, and brokers in the Norwegian market. It provides an end-to-end solution for the entire rental lifecycle, from advertising and tenant screening to digital contract signing, deposit management, billing, and accounting. This digital approach aims to replace manual, time-consuming processes, thereby increasing efficiency and security for its B2B clients. By 2019, the platform was managing approximately 2,500 rental units for 20 professional landlords, and by 2022, it was handling over 9,500 tenancies for major landlords in Norway.
Unite Living has successfully secured funding to fuel its growth. In 2019, the company raised over one million dollars from DNB Ventures and Innovation Norway, which valued the company at $6.9 million. This was followed by a significant NOK 20 million (approximately $2.4 million) funding round in 2021, backed by industry players and customers such as Pareto Bolig, Høyen Utleie, and the Urbanium Group. These funds were earmarked for strengthening the development team and expanding customer service and sales operations. The company was acquired by APEX IT on September 22, 2023.
The platform's core offering is a cloud-based rental management system designed to automate the daily tasks of property managers. Features include a robotic accountant, multi-signing capabilities for contracts, and integrated FinTech services. Originally focused on a B2B solution, the company has also developed a B2C component to integrate tenants more seamlessly into the ecosystem, including features for tenant and roommate matching. This positions Unite Living as a comprehensive PropTech and FinTech solution within the Norwegian real estate sector.
Keywords: Unite Living, PropTech, FinTech, residential rental management, property management software, rental automation, Norway real estate technology, digital leasing, tenant management, B2B SaaS, Christian Wierød, Risul Islam, Øyvind Hasund Dahl, rental lifecycle automation, DNB Ventures, Pareto Bolig, Urbanium Group, APEX IT, real estate technology Norway, professional landlords, rental process automation, digital contracts