Overview

• Kreos Capital and Target Global led the new financing, securing a double-digit million euro investment from all shareholders.
• The round followed a protracted clash between Target Global and IGP over a proposed debt cut, and grants new investors five-fold liquidation preferences.
• CEO Benedikt Manigold confirmed that McMakler reached profitability and generated positive cash flow in the months before closing the round.
• The startup underwent deep restructuring in response to market headwinds, cutting more than half its workforce through three major layoff waves.
• McMakler plans to deploy the fresh capital to enhance its real estate platform’s product quality and accelerate expansion.