Swedish company Ebie, an innovative rent guarantee insurance provider, is making strides in the real estate market by protecting landlords from unpaid rent while eliminating the need for tenants to pay deposits. Having already released over €10 million in deposits, the company has now raised an additional €700k from AMAVI Capital, Willard Ahdritz, and SSE Ventures.
Ebie’s unique service allows businesses renting commercial spaces, to replace hefty deposits or bank guarantees with a small insurance premium, ensuring landlords remain protected. This solution has been adopted by over 60 real estate companies to date.
The new capital will fuel Ebie’s expansion and international investments. An existing investor, the pan-European PropTech investor AMAVI, led the round.
“The economic landscape has shifted and landlords need alternatives that do not deter tenants, while protecting cash flows. We’ve monitored this sector closely for years, and it’s only a matter of time before insurance as security becomes a standard in the industry. Ebie’s platform streamlines administration for both property and insurance companies, making it highly scalable,” says Richard Lindqvist, Partner Nordics at AMAVI.
Joining the investment round are SSE Ventures, the Stockholm School of Economics’ venture fund, board professional and former Chair of Castellum Charlotte Strömberg, and Kobalt founder Willard Ahdritz.
“As an entrepreneur, I’ve often faced the challenge of capital tied up in office rentals. Ebie’s solution addresses this by freeing up capital and improving cash flow. There is a significant demand for Ebie’s product in a large market, supported by a strong team. It’s a promising venture,” says Willard Ahdritz.
The current macroeconomic environment poses dual challenges for property companies: reducing space needs and increased financial pressures, including rising bankruptcies. Ebie’s insurance solution helps property companies mitigate tenant risk without requiring tenants to lock up capital, thus simplifying the leasing process and risk management.
Before issuing a policy, tenants undergo a risk assessment through Ebie’s proprietary AI model. This model also offers real-time risk analysis for landlords, applicable to individual tenants or entire portfolios. Currently available in beta, the risk analysis tool is set for a full launch later this year.
“We observe similar conditions across Europe’s commercial rental markets, including challenges in collateral and risk analysis. Our business model is easily replicable internationally, and many property companies recognize the value of implementing it across their portfolios. Our focus now is on expanding into new markets,” says Edvin Lindhout, co-founder and CEO of Ebie.
About Ebie
Ebie is protecting commercial real estate companies through insurance, for a fraction of the cost for the tenants. Ebie’s vision is to remove deposits from the market through a digitalized handling process and with valuable features for landlords to manage risk portfolios.
Feel free to reach out to us if you want more information on the topic or visit www.ebie.com.
In April, we posted a blog post about rent insurance. Read it here.
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