The Proptech HAUSGOLD matches real estate brokers with buyers and sellers
The impact one can have on a smaller company is exponentially larger than just being a small fish in a large pond Andreas Wellinger, CFO HAUSGOLD
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Yes, we achieved break even in 2020. Currently we are not running at break even, but at a low cash burn. Andreas Wellinger, CFO HAUSGOLD
The CFO
In this interview, we talk to Andreas Wellinger (https://www.linkedin.com/in/andreas-wellinger-2735b1191/), the CFO of Hamburg-based proptech platform HAUSGOLD (https://www.hausgold.de/). Andreas is originally from Vienna. He has been hired as CFO, having a background in consulting and investment banking. During his time in consulting, he spent more than two years in Brazil and half a year in South Africa. In investment banking, he was covering financial institutions in IBD.
This has been a thesis for two decades, that the existence of real estate portals will result in the complete irrelevance of the job of a real estate agent.… a real estate agent can bring a certain value add to the transaction, that sellers do appreciate . Andreas Wellinger, CFO HAUSGOLD
The Startup
Hausgold (https://www.hausgold.de/) is a platform to match potential buyers and sellers of real estate with the right broker.
According to their 2021 press release, the startup broke even in 2020, despite corona. Their revenue grew 50% and they had real estate transactions on their platform worth 5 bn Euros (5.9 bn US$). As stated in January 2021, they are looking to double revenue this year and increase the transaction volume to 13 bn Euros (15,4 bn US$). https://www.presseportal.de/pm/117034/4809967
The startup got press coverage with the investments of Rocket Internet in 2016 and Deutsche Bank in 2019. The investment of Deutsche Bank was one of their first public startup investments.
What we already see in our data is a certain trend of de-urbanization. Andreas Wellinger, CFO HAUSGOLD
Venture Capital Funding
At the time of the interview, HAUSGOLD was not actively seeking external investors.
The Interviewer
This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him: LinkedIn Twitter Email
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