Homly.to, a Poland-based real estate startup, has raised PLN1.5 million (almost $400,000 U.S.) in an investment round led by venture capital fund Tar Heel Capital Pathfinder.

About PLN300,000 of the total amount comes from a group of private investors. The funds will be used to expand operations and further develop Homly’s software.

Homly, founded in 2020 by Maciej Świtek and Adam Rzepkowski, operates on an IBuyer model. At the moment, its services are available for apartment sales in in Warsaw and Szczecin. The startup is currently expanding its operations to Krakow, Wroclaw, Gdansk, Gdynia and Sopot.

The company said its purchase offers correspond to the market value of the apartments. It charges a commission of between 5% and 9% for its services.

The company is planning to launch a house flipping offer for private investors, which it says will provide real estate valuation and renovation services.

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