Today we announced the completion of our latest round of capital fundraising. Planet has secured EU €24 million from existing and new investors, taking the total amount raised since the company’s inception to EU €100 million.
An innovative proptech company, Planet is disrupting the global affordable housing market through its unique proposition. Our business improves quality of life for residents and fosters communities by providing superior infrastructure, urban planning, sustainability and technological solutions, all supported by the Planet App.
Available to all residents, the app allows those who live within its communities to manage the smart solutions available in their area and facilitates social innovation programmes which take place in shared spaces and are deployed by experienced professionals, such as Community Managers.
The funds will be used to finance the company’s ambitious growth plans, which includes the launch of 30 large-scale residential projects by the end of 2023, with a milestone of eight projects launched by the end of 2020. In addition to supporting growth, the funds will be also used to further develop our digital platform through the creation of new services and experiences for its communities.