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Consorto European PropTech Startup Raises €500k Seed Round

By Phil Butler | September 15, 2019

In news from the European PropTech scene, Amsterdam and Tallinn-based startup Consorto has just raised a seed round of investment in the amount of €500 thousand euro. The pan-European commercial B2B online marketplace aims to connect industry investors to commercial real estate investment opportunities.

Consorto

Founded back in 2018, Consorto features commercial real estate listings from office, industrial, retail, hotels and resorts, land, mixed-use, special purpose, and other sectors. The platform lets users create, view, and save personal listings reports, and connects them with interested buyers in order to close deals.

Consorto says the investment will go toward further development of the PropTech startup's digital platform, and to enhance the AI-driven deal matching and deal-flow automation. The startup's founder and CEO Philip Verzun, offered this:

“Consorto improves cross-border commercial real estate searches, allowing our registered users to generate relevant leads in less time. It can be difficult for investors to source cross-border investments in Europe without access to the right contacts. This is where we come in, helping investors find new deals and realtors and developers to grow their business.”

Lead investor Boris Skvortsonv says “Consorto has the potential to become the number one CRE marketplace in Europe.”

Agents and developers can register for free on Consorto to begin uploading their properties and searching. Listing is free of charge and users only pay a fee once their property is sold.

Also, Consorto is a finalist in the Market section of the BUILTWORLD Innovation Contest at ExpoReal 19 in Munich, Germany in October.

Consorto also recently graduated from Startup Wise Guys B2B SaaS acceleration program in Tallinn, Estonia, which is Europe’s most experienced B2B startup accelerator.

Phil Butler is a former engineer, contractor, and telecommunications professional who is editor of several influential online media outlets including part owner of Pamil Visions with wife Mihaela. Phil began his digital ramblings via several of the world’s most noted tech blogs, at the advent of blogging as a form of journalistic license. Phil is currently top interviewer, and journalist at Realty Biz News.
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