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Tark Grunte Sutkiene Advises EstateGuru on Investment by Hermes

Tark Grunte Sutkiene Advises EstateGuru on Investment by Hermes

Estonia
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Tark Grunte Sutkiene has advised real estate crowdfunding platform EstateGuru on the acquisition of a 4% interest in the company by Helmes, an Estonian IT solutions provider.

According to Tark Grunte Sutkiene (TGS), "EstateGuru, established in 2014, is one of the largest real estate crowdfunding platforms in Scandinavia, [and] it has already issued loans amounting to over 18 million euros." The founder and partner of EstateGuru, Marek Partel, says that Helmes’ involvement gives his company an opportunity to further develop its platform and expand it to foreign markets.

TGS reports that, "Helmes has been investing via EstateGuru platform for over two years now and having been convinced in the reliability of the team, software and business process functionality, decided to make the investment into its share capital."

The TGS team was led by Associate Partner Kadri Kallas. 

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