LUKB exits Crowdhouse
Luzerner Kantonalbank LUKB, which has been a strategic partner in the start-up Crowdhouse, is selling its stake to existing shareholders.
According to LUKB, Crowdhouse is currently in intensive talks with various strategic investors. By selling its stake, the cantonal bank is clearing the way for the further development steps of the real estate internet platform. LUKB became a shareholder in Crowdhouse AG in June 2016 and also took a seat on the board of directors. This has made a significant contribution to the rapid and positive development of the startup, the bank says.
Crowdhouse plans to expand its shareholder base to work with new partners "to further advance our vision of a digital real estate ecosystem and create greater efficiency, transparency and liquidity," according to Crowdhouse CEO Robert Plantak.
In the course of the new planned partnerships, the real estate volume on the platform is to continue to grow significantly. In addition to the co-ownership model, further products and services for buying, selling, financing, and investing in Swiss real estate are to be established. (ah)
