Hemnet AB
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Hemnet AB - overview
Established
1998
Location
Stockholm, -, Sweden
Primary Industry
Internet
About
Based in Sweden, Hemnet AB operates the leading online real estate platform, specializing in connecting buyers and sellers through efficient property listings and market insights. Hemnet AB, founded in 1998, is headquartered in Stockholm, Sweden. The company specializes in residential real estate transactions. It has received total funding amounting to SEK 2,000.
00 mn, with its most recent funding round being a Buyout on April 27, 2021, led by General Atlantic and Sprints Capital Management. The company was valued at SEK 11. 63 billion following its IPO, through which it raised SEK 2. 263 billion by selling 17.
9 million shares at SEK 115 each. Cecilia Beck-Friis currently serves as the CEO. Hemnet operates as Sweden's largest housing platform, providing a wide array of services that facilitate residential real estate transactions. Their offerings include property listings for buyers and sellers, valuation services for property assessments, and tools for tracking local housing market trends.
The platform caters to a diverse clientele, including home buyers, sellers, real estate agents, and investors, featuring various property types such as residential homes, apartments, and new constructions across Sweden. In 2020, Hemnet reported a revenue of SEK 0, with an EBITDA of SEK 0 for the same year. The company generates income primarily through fees charged for property listings and advertising partnerships with real estate agents and sellers, alongside revenue from related business advertising targeting Hemnet's user base. Their pricing model includes charges for property advertisements and various premium services that enhance visibility for listings, positioning Hemnet as a critical intermediary in the real estate market.
Hemnet's strategic plan includes launching new products aimed at enhancing the user experience, although specific release dates have yet to be announced. The company is focused on expanding its reach within the Swedish real estate market, leveraging insights from its recent IPO. The SEK 2,263 million raised will support further development of their platform and marketing initiatives to attract a broader user base.
Current Investors
General Atlantic, Sprints
Primary Industry
Internet
Sub Industries
Search Engines, Commercial Property, Real Estate Development & Operating Companies
Website
www.hemnet.se
Verticals
Real Estate Tech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Hemnet AB - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 317,155,000 | - | - | - | - | - |
| % Revenue Growth (YoY) | - | (100.0%) | - | - | - | - |
| EBITDA (USD) | 76,247,000 | (57,000) | 57,000 | - | - | - |
| Operating Income (USD) | 12,952,000 | (57,000) | 57,000 | - | - | - |
| Operating Margin | 4.1% | - | - | - | - | - |
| % EBITDA Margin | 24.0% | - | - | - | - | - |
| NET Income (USD) | (25,428,000) | (57,000) | 57,000 | - | - | - |
| % Net Margin | (8.0%) | - | - | - | - | - |
Hemnet AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IPO | Completed | Hemnet AB | - | ||||||||
| Buyout | Completed | Hemnet AB | - |
Displaying 1 - 2 of 2
Hemnet AB - employee data
Hemnet AB - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Board Member | BM | ||||||
| Board member | BM | ||||||
| Member of the Board | BM |
BM Board Member
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