Finland-based IBuyer Rive (formerly Kodit) has raised €23 million ($24 million U.S.) in Series A funding. The round was led by IDC Ventures with participation from existing investors, according to TechFundingNews.

This investment will be used to further develop and scale Rive’s services, in addition to accelerating its international growth.

“With this fresh funding and a new brand, we are ready to accelerate organic and inorganic growth in Europe,” said Kalle Salmi, founder and CEO of Rive.

Rive provides an integrated real estate service platform powered by artificial intelligence with the aim of simplifying the buying and selling of homes. For those looking to sell their property, it offers both an instant cash offer and a tech-enabled brokerage service. If users want to buy, then it sells apartments. It also offers a turnkey renovation service and a rent-to-own model for aspiring homeowners.

Apart from its domestic market, Rive is also present in Spain and Poland, and its investors including Schibsted and NREP. It currently has a headcount of more than 200.

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