Fundraising Fox

Blok

Acquired

Finland, FI · Founded 2017 · 12 employees on LinkedIn · 8 known investors

Acquired by Magenta Homes November 2023 · terms undisclosed

Blok is a digital real estate agency that helps homeowners sell properties with lower commission fees (averaging €6,000 savings) and provides an advanced valuation tool for property assessment. The company serves residential property sellers in Finland through an online platform combining technology with professional advisory services.

Also known as Blok

Founders & leadership

Blok was founded in 2017 by Juha Jokela, Olli Gunst, Rudi Skogman, and Samu Hautala.

JJ
Juha JokelainCo-Founder & CTOCo-founder and CTO from January 2017 to December 2023; left with Skogman after the ownership change.
OG
Olli GunstinCo-Founder & CMOCo-founder and CMO (2017–2021); later growth marketing lead at Hemby.
RS
Rudi SkogmaninCo-Founder & CEOFormer Slush organizer; led Blok from founding through sale of 5,000+ apartments in Finland and Sweden and a reported €2.5M+ ARR before the 2023 sale.
SH
Samu HautalainCo-Founder (Lead Developer)Early technical co-founder; later returned to Supercell as Head of New Games. Bonnier sometimes lists the name as Sami Hautala.

Investors · 8

Company profile

researched Aug 2026

Blok is a Finland-based real estate brokerage that operates through a digital platform rather than a traditional branch-based agency model. Sellers list and sell residential properties online with support from a licensed brokerage team, and the company states that its approach reduces commissions by an average of about €6,000 per sale. Its service covers the common Finnish housing types, including apartment blocks (kerrostalo), terraced houses (rivitalo), semi-detached (paritalo), detached and separate single-family homes.

The platform includes a consumer-facing instant valuation tool that estimates a home's value using more than twenty variables and lets owners track value development over time through a price-monitoring feature. On the buy side, Blok invites prospective buyers to describe their desired home and then searches for matching properties outside the publicly listed market. Customer-facing service is provided in Finnish, English and Swedish, and the seller process includes elements such as professional photography and 3D material, with owners able to conduct viewings themselves.

Business model

Brokerage service for residential property transactions, delivered through an online platform combined with a shared advisory team, positioned on lower commission costs than a traditional agent.

Commissions from brokered residential property sales, marketed as producing average savings of roughly €6,000 versus traditional brokerage fees.

Traction

Company-reported figures include 5,000+ homeowners who have sold via Blok, cumulative transacted home value of more than €1,120 million, an NPS of 80 and a 4.5/5 Google review rating.

Full profile — market position, technology, go-to-market, geography

Market position

Operates as a digital alternative to traditional Finnish estate agencies; the company reports a 4.5/5 Google rating, an NPS of 80, more than 5,000 homeowners served and over €1,120 million in combined value of homes bought and sold through its platform.

Positions itself against traditional brokers on three points: a team-based, multilingual customer service model, technology-driven and lower-cost selling, and its advanced consumer valuation tool.

Technology

A consumer valuation tool, described by the company as the first such tool launched for consumers in its market, which incorporates more than twenty variables, plus a price-watch feature for tracking a property's estimated value and digital handling of the sales process.

Go-to-market

Direct-to-consumer acquisition via its website, using a free instant online valuation tool as an entry point, published customer testimonials and media coverage, with follow-up contact from its licensed brokerage (LKV) team.

Residential property owners selling homes in Finland, and home buyers seeking properties, including off-market listings.

Geography

Finland, with customer service offered in Finnish, English and Swedish.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Google customer ratingJan 20244.5 out of 5
Homeowners who have sold with BlokJan 20245,000 customers
Net Promoter ScoreJan 202480 NPS
Value of homes bought and sold via BlokJan 20241,120,000,000 EUR
Variables considered by valuation toolJan 2024$20

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 1

by search overlap

Companies competing with Blok for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Research sources · 1

primary sources listed

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Blok do?
Finnish digital real estate brokerage offering online home selling, buying services and an automated property valuation tool.
Who founded Blok?
Blok was founded by Juha Jokela, Olli Gunst, Rudi Skogman, Samu Hautala in 2017.
Who are Blok's investors?
Blok's investors include Bonnier Capital, Lifeline Ventures, Manta Ray Ventures, Blank Ventures, MaC Venture Capital, PICUS CAPITAL, Protagonist, Rackhouse Venture Management Lp.
Where is Blok headquartered?
Blok is headquartered in Finland, FI.