YELDO Company Profile

Background

YELDO is a fintech company specializing in real estate investments, founded in 2018. The company's mission is to democratize access to institutional-grade real estate investments through a fully digital platform, enabling individual investors to participate in opportunities traditionally reserved for institutional entities. Operating across Europe, YELDO has offices in Germany, Switzerland, and Italy, and serves over 5,000 investors.

Key Strategic Focus

YELDO's strategic focus centers on providing direct digital access to institutional-level real estate investments. The company emphasizes:

Diversified Investment Offerings: Offering a range of investment products, including direct deal-by-deal investments and a diversified portfolio strategy through the YELDO Real Estate Private Debt Fund.

Technological Innovation: Utilizing a proprietary tech platform to streamline the investment process, ensuring transparency and efficiency for investors.

Geographical Reach: Focusing on stable economic areas within Europe, including Italy, Switzerland, Spain, Luxembourg, and the Principality of Monaco.

Financials and Funding

As of December 2023, YELDO has financed over €850 million in total transacted value, maintaining a historical internal rate of return (IRR) of 14.6% and achieving ten investment exits. In 2023 alone, the company deployed nearly €100 million, with 48.4% allocated to senior positions, doubling the percentage from 2022.

Pipeline Development

YELDO's investment portfolio includes a variety of real estate projects across Europe. Notable investments include:

Mas d'en Bruno: A luxury hospitality development in Priorat, Spain, financed through a senior loan with a 24-month maturity and a loan-to-value (LTV) of 35%.

Rovello 14: A luxury residential development in Milan, Italy, supported by a mezzanine loan with a 30-month maturity and an LTV of 61%.

Varedo, ex SNIA: A requalification and use conversion of an industrial lot in Varedo, Italy, financed through senior debt with a 12-month maturity and an LTV of 24.4%.

Louis-Casaï: A hospitality asset in Meyrin Genève, Switzerland, supported by a secured mezzanine loan with a 48-month maturity and an LTV of 46%.

Technological Platform and Innovation

YELDO differentiates itself through its proprietary technological platform, which offers:

Digital Investment Process: A fully digital platform that simplifies the investment process, providing transparency and efficiency for investors.

Rigorous Due Diligence: A four-step due diligence process involving origination, deal valuation, extensive due diligence with external advisors, and final negotiation to ensure high-quality investment opportunities.

Leadership Team

Antonio Borgonovo: Co-Founder & Chief Executive Officer. With 20 years of experience in tech startups and finance, Antonio previously worked at Boston Consulting Group and led digital ventures such as Supermoney.

Carlo Saccone: Chief Technology Officer.

Carlo Prudentino: Head of Client Relations & Managing Director Distribution Italy & Switzerland.

Lorenzo Belloni: Chief Investment Officer. With over 20 years of experience in institutional real estate investing, Lorenzo has worked at Angelo Gordon, Alpine Grove Partners, and Morgan Stanley.

Silvia Rezzonico: Marketing Manager. An expert in startups, Silvia has over 10 years of experience in developing and promoting digital projects and holds a Master's degree in Economics of Innovation and Technology from Bocconi University.

Competitor Profile

Market Insights and Dynamics

The European real estate investment market is experiencing a period of dislocation, presenting unique risk-adjusted investment opportunities. A significant funding gap, estimated at approximately €200 billion, has emerged due to regulatory pressures on traditional lenders. This environment has led to the rise of real estate private debt as an attractive asset class.

Competitor Analysis

Key competitors in the real estate investment fintech space include:

Cadre: A U.S.-based fintech company offering a platform for direct real estate investments, focusing on providing liquidity and transparency to investors.

CrowdStreet: An online commercial real estate investment platform that connects investors with real estate developers, offering a range of investment opportunities across the U.S.

Linus Digital Finance: A Berlin-based company providing digital access to real estate investments, focusing on short-term financing solutions for real estate projects.

Strategic Collaborations and Partnerships

YELDO collaborates with top-tier real estate developers, equity investors, and institutional asset managers to source high-quality investment opportunities. The company's rigorous due diligence process involves partnerships with leading international advisors to ensure the soundness of each investment.

Operational Insights

YELDO's competitive advantages include:

Technological Edge: A proprietary digital platform that streamlines the investment process, offering transparency and efficiency.

Diversified Investment Offerings: A range of investment products catering to different investor profiles, including direct investments and a diversified fund.