P+P advises CommerzVentures on investment in PropTech company realbest

Commerzventures is coming in as a new investor in this round. In addition, previous investors have also reinvested in realbest, including Hevella Capital, VC fund Kreativwirtschaft Berlin of IBB, Ventech and Immotech Venture (Marius Marschall von Bieberstein). In total, the digital sales platform for residential real estate collected EUR 7 million in growth financing from the investors.

realbest is Germany's first digital sales platform for residential real estate. The digital scope of the real estate transaction ranges from real estate valuation for the private real estate seller to online reservation by the buyer. Market players such as real estate agent, financial advisors and other brokers can thereby handle the acquisition and the procurement of residential real estate online.

CommerzVentures GmbH is a 100% subsidiary of Commerzbank, headquartered in Frankfurt. The corporate venture corporation focusing on financial services invests in young companies that specialize in innovative products, services and technologies in the FinTech sector.

P+P Pöllath + Partners advised CommerzVentures on all legal matters related to the financing round with the following team:

• Dr. Michael Inhester (partner, M&A/venture capital, Munich)
• Adalbert Makos (senior associate, M&A/venture capital, Munich).