Riga's Unitoq raises €155K to open property investing from €100
What's the deal? Latvian proptech startup Unitoq has raised €155,000 in a pre-seed round from a syndicate of business angels, including members of the Latvian Business Angel Network (LatBAN)Dealroom has a profile for this one. Try Dealroom →. The company is building a digital platform that lets individuals invest in residential properties from €100.
What's the endgame? Unitoq wants to lower the entry cost of property investment. Investors would buy shares in a company that owns a vetted property, receiving a proportionate cut of rental income and sale proceeds, while local operators handle tenants and maintenance.
Why now? Founded in 2026 by Eduards Raudonis and Nikita Manija, the company is applying for a licence from the Bank of Latvia under the EU's European Crowdfunding Service Providers (ECSP) Regulation. Approval would let it serve investors across the EU. More than 1,000 people have joined its waitlist.
"Owning a rental property has built wealth for generations, but the high entry ticket and the hassle of managing it are simply too much for most," said Raudonis, co-founder and chief executive officer. The new funding will cover licensing, the platform launch, and its first investment properties, ahead of a future seed round. A launch is expected in early 2027, subject to regulatory approval.
What could go wrong? Unitoq is pre-launch, so the raise funds a step toward launching, not an operating platform or proven returns. Investors would own shares in a property-holding company rather than an apartment, meaning outcomes depend on property performance and capital is at risk.
The signal: The €155,000 round is a modest, early bet on a familiar European proposition — fractional property participation. It reads as a small Latvian fintech experiment rather than evidence of a wider market shift.
Read more: Tech.eu
Image credit: Generated with Gemini
