June 16, 2020 Press

SMP advises Homeday on its EUR 40 million financing round

Berlin - SMP advised the Berlin-based proptech Homeday on its latest financing round. A joint venture company of Axel Springer and Purplebricks invested again increasing its stake in Homeday to over 54%. The financing round had a total volume of EUR 40 million. According to Homeday, it is envisaged to invest the raised capital in technological development and further expansion. Homeday was comprehensively advised on legal matters by SMP partners Martin Schaper and Peter Möllmann.

Homeday is a proptech company based in Berlin. Homeday was founded in 2015 by Steffen Wicker, Dmitri Uvarovski and Philipp Reichle and has been real estate brokers throughout Germany via its online platform ever since. The technology company employs around 200 employees and 180 independent Homeday brokers throughout Germany.

About SMP
SMP is a boutique law firm for tax and business law which is active in the core fields of Tax, Funds, Corporate, Litigation and Transactions. The attorneys and tax specialists at SMP represent a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations as well as private equity and venture capital funds. Founded in 2017, SMP has become one of the leading players for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus and Chambers and Partners. Today, SMP has more than 50 experienced lawyers and tax specialists in three Offices in Berlin, Hamburg and Cologne.

Advisors Homeday: SMP
Dr. Martin Schaper (Lead), Partner
Dr. Peter Möllmann, Partner