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The Berlin start-up Cosi has raised 20 million euros from investors.

The new financier is Soravia, a Viennese real estate company, as Cosi writes in a press release.

The existing investors Cherry Ventures, E.ventures, Kreos Capital and Bremke also took part in the round.

In addition, the founders of Flixbus, Travelperk and Comtravo as well as the Cosi founders themselves are invested.

What does the start-up plan to do with the money?

The company announced that the priority was to accelerate international expansion in Europe.

In addition: "The fresh capital enables us to take advantage of the unique opportunities that are currently available and to establish Cosi as a leader in Europe," says Christian Gaiser, CEO and co-founder of Cosi.

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Cosi concludes long-term rental contracts with property owners and sets up apartments in their houses itself.

The company acts like a classic hotel chain.

The booking is completely digital.

The start-up does without a classic reception and breakfast offerings.

Cosi rents out apartments across Europe despite Corona

Despite Corona, this contactless check-in gave Cosi an above-average booking occupancy rate compared to classic hotels, writes the start-up.

Cosi rents its apartments at twelve locations in Europe.

Among others in Berlin, Munich and Madrid.

The company was founded in 2019 by Christian Gaiser, Dimitri Chandogin, Gerhard Maringer and Inga Svinhufvud Laudiero.

In the same year, the founders took five million euros from investors in the seed round.

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In the growing proptech market there had been a whole series of larger financings in the past few months.

For example, the broker platform McMakler collected 42 million euros from the private equity firm Warburg Pincus at the end of last year.

Eleven million euros flowed into the Berlin start-up Home.

Landlords can use the company's app to manage their portfolio of apartments.

And the fund of the Samwer brothers, who have been focusing on the real estate business for years, also invested in a proptech company: The Berlin start-up Offmade wants to help investors, owners and brokers to do better business without the hassle of bidding processes.