Madrid: Proptech startup urbanData bought by Alantra

International investment banking and asset management company, Alantra, has acquired a majority stake in the urbanData Analytics (uDA), a proptech startup based out of Madrid for an undisclosed amount.

Founded in 2014, uDA gathers market information from more than 40 public and private sources to develop 190 financial and urban context indicators, generating algorithms to maximize the return in real estate investments. uDA collects and analyzes data sets on a range of urban factors, such as population, income, density, mobility, environmental quality, and infrastructure, creating insights for major real estate investors and managers in Southern Europe and South America.

With Alantra’s support, uDA plans to expand its services portfolio, strengthening its market position and developing its presence in new geographies. Diego Rivas, Director of Alantra CPA, will join uDA as an executive partner to support the company growth. The founding partners of uDA will remain in the shareholding of the company, maintaining total independence in the operation of the business.

“The quality of the current management team of uDA, which has been able to develop a differentiated product in the real estate sector,” said Joel Grau, Managing Partner of Alantra CPA. “This operation is the first step for the development of a Proptech platform that is integrated into our service offering.”

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