Lamudi receives investment from Ringier AG and Axel Springer

By Posted on November 19, 2018  |   News

Lamudi, one of the leading real estate platforms today announced that the company has recently welcomed the two media and digital classifieds companies, Ringier AG and Axel Springer, as new strategic investors. Both companies will share a seat in the advisory board, which will for now be taken over by RingierThe funding amount is not made public, but Kian Moini, Co-Founder and CEO of Lamudi, states that “the majority of funding can and will be spent on growth given the company’s comfortable financial situation and clear path to break-even.”

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