Unitoq Raises €155,000 Pre-Seed to Launch €100 Real Estate App

Riga-based PropTech startup Unitoq has raised €155,000 in pre-seed funding from a syndicate of business angels, including members of the Latvian Business Angel Network (LatBAN). The money buys a runway to something specific: an EU crowdfunding licence, a platform launch in early 2027, and a first batch of investment properties — all ahead of a planned seed round.

The pitch is simple. Individuals invest in vetted European residential properties starting from just €100, earning a share of rental income and any property appreciation. Professional operators handle tenants, maintenance and day-to-day management. Users pick properties and track performance digitally through the platform, without ever buying a whole apartment or dealing with a leaky tap.

Unitoq was founded in 2026 by Eduards Raudonis and Nikita Manija. The company is now applying for authorisation under the EU's European Crowdfunding Service Providers (ECSP) Regulation. The regulatory structure matters here: a licence issued in Latvia would let the platform serve investors across the entire European Union, subject to the regulation's requirements. One national approval, 27-country market access.

What does this change for small investors?

The founders frame it as demolishing the two classic barriers to property investment — capital and hassle. "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," says Eduards Raudonis, co-founder and CEO of Unitoq. "Unitoq opens that opportunity up to many more people, letting them build a diversified real estate portfolio straight from their smartphone."

Put the entry price in context: €100 is roughly what a single month of savings looks like for many European households, versus the tens of thousands typically needed for a down payment on a rental apartment. Diversification across multiple properties also becomes practical at that ticket size, rather than concentrating an entire nest egg in one flat.

Who is backing it, and what's next?

The €155,000 pre-seed round came from business angels, including LatBAN members. Co-founder Nikita Manija sees the syndicate as validation as much as capital. "Having experienced LatBAN angels on board is a strong signal of confidence in both the team and the model," Manija said. "This funding gives us the runway to secure our license, launch the platform and bring our first properties to investors, while we prepare for our Seed raise."

Unitoq says the funding will cover three things:

• Securing the ECSP licence in Latvia
• Launching the platform, planned for early 2027 pending regulatory approval
• Onboarding the first investment properties for users

The company also plans to prepare a subsequent seed round as it moves toward market.

Early demand signal? Unitoq says more than 1,000 people have already joined its waitlist — a modest number, but one gathered before the product exists and before the licence is in hand.

The so-what

For practitioners, the story is a bet that fractional, smartphone-based property investing can scale under the EU's harmonised crowdfunding framework rather than through country-by-country property law. If Unitoq clears the LatBAN-supported licensing hurdle by early 2027, the seed round that follows will show whether angels' €155,000 conviction translates into institutional money for cross-border residential micro-investing.