The real estate brokerage industry in Benelux has witnessed significant transformations, driven by technological advancements and demographic changes. Companies operating in this sector range from traditional agents and firms to innovative startups specializing in PropTech solutions. These businesses offer various services, including residential and commercial property transactions, property management, and investment consulting. With the rise of digital platforms, the industry is increasingly leaning towards automation and data-driven insights, improving customer experiences and operational efficiency. Sustainability is also taking center stage, as new regulations push for eco-friendly developments and practices within the real estate market.


This list showcases twelve noteworthy investors in the Benelux real estate brokerage sector. The investors vary in type from corporate giants like EIB and Adevinta to agile venture capital firms like AMAVI Capital and Finch Capital. Their sizes range from small teams of less than ten to large entities with thousands of employees, with years founded stretching from 1863 to 2020. Collectively, these investors made 99 deals in 2024, demonstrating their active engagement in shaping the industry. With diverse backgrounds and strategic focuses, each investor plays a role in driving innovation and growth in real estate.


Top 12 Real Estate Brokerage Investors in Benelux


1. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, founded in 1958, that provides a range of financial services including loans, equity investments, guarantees, and advisory services. The EIB supports sustainable projects across various sectors, with a strong emphasis on promoting growth and job creation. In the real estate sector, the EIB has been involved in several notable transactions, such as a €150 million financing agreement with Vesteda aimed at improving the sustainability of existing homes and acquiring new affordable residential complexes. Additionally, the EIB has provided debt financing to other real estate entities like GEWOBA and SATO, demonstrating its active role in supporting real estate development and sustainability initiatives.


2. HOWZAT Partners

  • Website: howzatpartners.com
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2006
  • Headcount: 1-10
  • Number of deals in 2024: 2
  • LinkedIn: howzat-media

HOWZAT Partners is a venture capital investment fund based in Luxembourg, founded in 2006. The firm specializes in investing in digital businesses and provides funding and strategic advisory services to early-stage companies. Their clientele primarily consists of entrepreneurs and startups seeking investment and guidance. Notably, HOWZAT Partners has made significant investments in the real estate sector, including Spotahome, which raised over $16 million in Series A funding in 2017 and focuses on facilitating home rentals. Additionally, they invested in Rentals United, a tech platform for vacation rental property managers that raised $4.25 million in funding. These transactions highlight HOWZAT Partners' commitment to supporting innovative companies within the real estate brokerage and property management sectors.


3. AMAVI Capital

  • Website: amavi.capital
  • Type: Venture Capital
  • Headquarters: Nazareth, Flanders, Belgium
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: amavi-capital

AMAVI Capital is a venture capital firm based in Nazareth, Flanders, Belgium, founded in 2020. The firm specializes in backing businesses that are radically reshaping the built world, with a strong focus on PropTech and ClimateTech. They provide investment management services to companies in the real estate and technology industries, connecting traditional real estate leaders with innovative startups to create strategic growth opportunities. Notable transactions include their involvement with CASAFARI, which raised significant funds for a buy-to-let strategy in residential and commercial real estate, and Heimkapital, which raised over $11 million in Series A funding. These investments highlight AMAVI Capital's commitment to supporting innovative solutions in the real estate sector.


4. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent investment firm founded in 2005, specializing in private equity, credit, secondaries, and infrastructure. With approximately €193 billion in assets under management for over 1000 clients, including pension funds and institutional investors, CVC focuses on delivering sustainable value and growth through strategic investments. Notably, in August 2024, CVC announced its acquisition of a stake in Odevo, a Swedish property management company managing 1.4 million buildings and generating annual revenues of €650 million. This investment highlights CVC's commitment to the real estate sector. Additionally, their diverse portfolio includes investments in various industries, showcasing their broad investment strategy while maintaining a significant presence in real estate-related ventures.


5. Adevinta

  • Website: adevinta.com
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2019
  • Headcount: 5001-10000
  • LinkedIn: adevinta

Adevinta is a digital marketplace company founded in 2019, headquartered in Amsterdam, Netherlands. It operates a suite of online classifieds platforms across Europe, connecting consumers and businesses through services in re-commerce, real estate, mobility, and job listings. Adevinta's platforms attract millions of users monthly, facilitating transactions and promoting sustainable commerce. Notably, Adevinta has made significant strides in the real estate sector by acquiring Inmoweb, a leading real estate CRM in Spain, to enhance its offerings in this area. This acquisition, announced on February 20, 2023, aims to unify real estate management tools for agencies in Spain. Additionally, Adevinta acquired Witei, another Madrid-based real estate CRM provider, on November 30, 2023, further solidifying its presence in the real estate market. These strategic moves reflect Adevinta's focus on expanding its capabilities within the real estate brokerage industry.


6. Exor N.V.

  • Website: exor.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 26
  • LinkedIn: exor_2

Exor N.V. is a holding company based in Amsterdam, Netherlands, founded in 2009. It operates across various sectors including automotive, healthcare, and media, and is known for its strategic investments in a diverse portfolio of companies such as Ferrari, Stellantis, and Philips. In the real estate brokerage context, Exor has made notable investments in proptech companies, particularly Casavo, which raised significant funding rounds including €200 million in a Series C round led by Exor. Casavo aims to become the leading digital platform for residential real estate in Europe, highlighting Exor's commitment to innovation in the real estate sector. Additionally, Exor's investment in Dubizzle Group, which raised $50 million in a Series D round, further emphasizes its engagement in the real estate market, particularly in the Middle East. These transactions illustrate Exor's strategy of enhancing value through operational support and strategic investments in the real estate brokerage industry.


7. VentureFriends

  • Website: venturefriends.vc
  • Type: Venture Capital
  • Headquarters: Netherlands
  • Founded year: 2016
  • Headcount: 1-10
  • Number of deals in 2024: 8
  • LinkedIn: venturefriends

VentureFriends is a venture capital firm founded in 2016, based in the Netherlands, that specializes in early-stage investments in startups. They provide financial backing and strategic support to ambitious founders, particularly in sectors like FinTech and PropTech. Notably, VentureFriends has invested in several companies that operate within the real estate brokerage context. For instance, they participated in the funding rounds for Huspy, a PropTech startup focused on real estate in the EMEA region, and Home Made, a London-based online lettings agency. These investments highlight their commitment to supporting innovative solutions in the real estate market, helping these companies expand their technology and customer base. With a total of 8 investments in 2024, VentureFriends continues to play an active role in the startup ecosystem, particularly in sectors that intersect with real estate.


8. Altisource

  • Website: altisource.com
  • Type: Corporate
  • Headquarters: Luxembourg, Luxembourg, Luxembourg
  • Founded year: 2009
  • Headcount: 1001-5000
  • LinkedIn: altisource

Altisource is a corporate investor based in Luxembourg, specializing in mortgage and real estate solutions. Founded in 2009, the company offers a comprehensive range of services including asset management, mortgage fulfillment, and auction platforms aimed at helping lenders and real estate investors streamline operations and mitigate risks. Notably, Altisource has made significant acquisitions in the real estate brokerage space, including the purchase of Owners.com, an online real estate marketplace, for approximately $20 million in 2014, which aimed to enhance their online real estate business by integrating it with their existing platform, Hubzu.com. Additionally, their acquisition of Equator, LLC for $70 million in 2013 further solidified their position in the real estate and mortgage industries. These strategic moves highlight Altisource's commitment to expanding its footprint in the real estate brokerage sector.


9. Finch Capital

  • Website: finchcapital.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2013
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: finch-capital

Finch Capital is a venture capital investment firm based in Amsterdam, Netherlands, founded in 2013. The firm specializes in business and financial technology, providing investment management and advisory services to companies across various sectors, including insurance, payments, and regulatory compliance. Finch Capital has made notable investments in the real estate brokerage context, such as their equity investment in Ikbenfrits.nl, a leading online mortgage broker in the Netherlands, during its Series A funding round. They also participated in the funding of Goodlord, a property technology company, which raised £27 million to expand its offerings and capabilities. These transactions highlight Finch Capital's engagement with technology-driven solutions in the real estate sector, aligning with their mission to help businesses scale sustainably and navigate market challenges.


10. Volta Ventures

  • Website: volta.ventures
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2014
  • Headcount: 11-50
  • Number of deals in 2024: 4
  • LinkedIn: volta-ventures

Volta Ventures is a venture capital firm based in Amsterdam, Netherlands, founded in 2014. The firm specializes in seed and early-stage investments, primarily targeting enterprise software startups within the Benelux region. With a focus on technology-driven companies, Volta Ventures has made notable investments in the proptech sector, including Nodalview, a Belgian startup that provides innovative solutions for the real estate market, and SweepBright, a CRM solution developer for real estate companies. Their investments in these companies highlight their commitment to supporting startups that enhance the real estate value chain, making them a relevant player in the real estate brokerage industry.


11. Immobel

  • Website: immobelgroup.com
  • Type: Corporate
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 1863
  • Headcount: 51-200
  • LinkedIn: immobel

Immobel is a corporate real estate development company based in Brussels, Belgium, founded in 1863. The company specializes in sustainable and high-quality projects across Europe, focusing on residential, office, and mixed-use properties. Immobel caters to both individual consumers and businesses seeking urban living and working spaces, emphasizing sustainability and urban transformation in its operations. Notable transactions include the acquisition of Thomas S.A., which involved an administrative building in Luxembourg, and a 30% stake in Urban Living Belgium NV, enhancing their development portfolio in Belgium. Additionally, Immobel Capital's acquisition of Leeds Office Park for £30 million marks a significant expansion into the UK market, showcasing their active role in real estate investments and brokerage activities.


12. Mangrove Capital Partners


Mangrove Capital Partners is a venture capital firm based in Luxembourg, founded in 2000, that specializes in early-stage investments in innovative technology companies. With a focus on Europe and Israel, they provide financial support and strategic guidance to entrepreneurs, particularly in sectors like digital health and education tech. Notably, Mangrove has made significant investments in the real estate sector, including a Series A funding round for Nestpick, which has become a key platform for finding homes, listing over 21,000 properties and generating substantial rental income for landlords. Additionally, they have invested in Badi, a Barcelona-based startup that facilitates roommate matching, raising a total of $45 million across multiple funding rounds. These transactions highlight Mangrove's engagement in the real estate brokerage space, showcasing their interest in companies that enhance the real estate experience through technology.



Real Estate Brokerage Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Investment Bank (EIB)Luxembourg1001-5000195899
HOWZAT PartnersLuxembourg1-1020062
AMAVI CapitalNazareth, Flanders, Belgium11-5020203
CvcLuxembourg1001-5000200516
AdevintaAmsterdam, North Holland, Netherlands5001-1000020190
Exor N.V.Amsterdam, North Holland, Netherlands11-50200926
VentureFriendsNetherlands1-1020168
AltisourceLuxembourg, Luxembourg, Luxembourg1001-500020090
Finch CapitalAmsterdam, North Holland, Netherlands11-5020132
Volta VenturesAmsterdam, North Holland, Netherlands11-5020144
ImmobelBrussels, Brussels, Belgium51-20018630
Mangrove Capital PartnersLuxembourg11-5020005


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