Housfy, a Barcelona-based end-to-end residential real estate digital service provider, has recently grabbed €30 million Series B funding. The round was led by London-based Frog Capital (that invested in GENASYS recently) alongside A/O PropTech, which has joined as the new investor and existing investors include Banco Santander, DN Capital, Seaya Ventures, Aldea Ventures and ICF.
European expansion plans
With this round, the proptech startup’s total funding accounts for €52 million. The funding will be used to continue to grow Housfy’s presence in Portugal and Italy as well as target other key European markets. Also, Housfy expects to grow net revenue by 200% YoY to €43 million and increase its number of staff from 370 employees to 500 by the end of the year.
Albert Bosch, CEO and co-founder of Housfy, said “This funding allows us to further drive the growth of our ecosystem of real estate services that we are building. We have the means to open and grow different business units, which, given their interconnectedness, will provide a better experience for users. Users will be able to find services for everything relating to their home in one platform.”
Jens Düing, Senior Partner at Frog Capital, stated, “Housfy impressed us from the very beginning. Albert and his team have built the only platform serving homeowners’ different needs in one place: the best quality real estate agency, rental management, and the leading portal for buyers to find the right mortgage. We are looking forward to working closely with them as they build their team, scale their product range and expand into new markets”.
Kia Nejad, Investor at A/O PropTech, said: “Housfy provides an invaluable service to those buying, selling, or renting a home, and we’re delighted to be joining its latest investment round. The residential property market is fragmented into siloed services that create an inefficient and unsatisfactory customer experience. By building a unified residential services ecosystem, Housfy has a proven, powerful, scalable product that makes navigating the property market easier and cheaper for the end-user. The latest fundraise will allow Housfy to expand its market-leading position throughout Spain and across the rest of Europe.”
Banco Santander also stated, “Our investment in Housfy further consolidates the close ties that have arisen as a result of the great results that the close partnership between Banco Santander and Housfy has produced. Both companies share the same client-centric vision, with the aim of offering the best possible service to our clients while relying on digitalization.”
One-stop-shop for all property needs
Founded in 2016 by Albert Bosch, Miquel A. Mora, and Carlos Blanco in Barcelona, Housfy is the leading residential real estate service provider in Southern Europe. The Housfy platform enables users to manage any transaction for their home including buying and selling, mortgage services, rentals, refurbishments, moving between homes, services for real estate companies, insurance brokerage services and much more in one platform. This is all set to be rolled out over the coming months.
The platform has sold over 5,000 properties and 3,000 mortgages, and has managed over 1,000 rentals since its debut. It is one of the top 5 real estate agents in Spain, saving up to €20,000 for clients for each transaction.
