Polish startup REDD secures €1.4M from new angel investors

REDD, a Warsaw-based startup building a real estate market database, has secured €1.4 million (PLN 6.5 million) from a couple of new angel investors. The company’s backers now include Tomasz Trzósło, Bartosz Mierzwiak, and Ph.D. Krzysztof Kalicki, My Company Polska reports.

• Founded in 2018 by Piotr Smagala and Tomasz Ogrodzki, REDD (Real Estate Digital Data) is an early growth proptech company and a leading online platform and marketplace for commercial real estate. The platform not only provides data but also offers tools for multidimensional analysis and optimal utilization of information.
• REED’s two primary products are: REDD Platform, a pitchbook for commercial real estate, and REDD Marketplace, an Amazon-like online marketplace for commercial real estate.
• The new business angels who supported REDD on its journey are: Tomasz Trzósło, President at EPP, who has 25 years of experience in the real estate market in Central and Eastern Europe, Bartosz Mierzwiak, who, until recently, was the managing director at Logicor, and Ph.D. Krzysztof Kalicki, a well-known Polish economist, banker, and public official, doctor of economic sciences.
• The current investment round is part of the company’s development strategy. According to REDD’s CEO, the investors brought not only capital, but also experience in areas that are strategic for the company.