Marrfa Closes Its Pre-seed Funding By Germany Based Firm
Marrfa, an innovative platform aimed at transforming the cross-border real estate investment landscape, proudly announces the successful closure of its Pre-Seed funding round. This round is led by Foundamental, a premier Global VC firm based in Berlin, Germany, and also sees significant investment from Prashant Malik, General Partner at Tykhe Block Ventures, in his individual capacity. Founded by serial entrepreneur Jamil Ahmed, Marrfa is set to democratize access to high-yield real estate investment opportunities worldwide, specifically targeting the challenges within the $270 billion unstructured cross-border real estate market. Jamil Ahmed, celebrated for co-founding Fashinza and scaling it to a $300 million valuation across four continents within three years, is utilizing his vast experience in cross-border investments and trade flow to innovate within the traditional real estate industry. Marrfa introduces a seamless platform for identifying lucrative real estate investment opportunities, enabling comprehensive information access with a single click. In light of the funding, Jamil Ahmed shared his vision: "Marrfa is on a mission to unearth the potential of niche real estate markets and provide retail investors worldwide with unparalleled access. This investment from Foundamental and Prashant Malik underscores our vision and the confidence in our ability to disrupt conventional real estate investment models. We are dedicated to ensuring that high-yield investments become accessible to all, addressing the intricate challenges of the $270 billion unstructured cross-border real estate market." Shubhankar Bhattacharya, General Partner at Foundamental, highlighted their backing: "We are privileged to partner with Jamil from Day Zero of his next big adventure. The world of Real estate assets is converging towards democratized access faster than ever before and we believe that Marrfa's approach of unifying Developers, Buyers and Financiers in under-served and rapidly growing markets represents a tremendous opportunity." Prashant Malik, General Partner at Tykhe Block Ventures and an early Facebook engineer, also shared his excitement about contributing to Marrfa's journey: "Investing in Marrfa was a decision driven by my confidence in Jamil's vision and the platform's potential to significantly impact the real estate investment landscape. The opportunity to make high-yield, cross-border real estate investments accessible to a broader audience is transformative. I look forward to seeing Marrfa lead the charge in making these opportunities more transparent and attainable."
Tags : Shubhankar Bhattacharya real estate investment Prashant Malik Jamil Ahmed Tykhe Block Ventures Berlin Germany