From Clicpiso to PriceHubble: Proptech raises 46M in 2019

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

This year, Clicpiso and Deepki have closed a round of financing of 8 million euros, each. Badi captured 27.1 million euros in January and Spotahome, 34 million in 2018.

Clicpiso, Spotahome, Badi, Deepki and PriceHubble, these are, according to Finnovating and the Valuation Institute, the proptech companies with the best execution of the business model. “We have chosen companies with a great representation, both locally and European, and with great support from investors,” says Fernando Álvarez-Cascos, Finnovating consultant. What characterizes these companies? Why do large companies in the sector invest in them?

Founded by Víctor Ortiz and Francisco Moreno in September 2017, Clicpiso specializes in the sale of second-hand properties. "The success of the business model is based on the digitalization of all the buying and selling processes, which allows to give an initial valuation of the homes in 24 hours and buy them in less than seven days," says the company.

The company closed its first year with more than five million euros of turnover. "In the first months we had already reached the break even," said Francisco Moreno, CEO of Clicpiso, in a statement. "Since then, we grow double monthly," he added.

The company's results have already convinced the first investors. In April, the start up closed a round of financing of eight million euros led by the LaFinca Group. With this capital, the company expects to gain momentum and reach ten million euros in turnover at the end of this year. “The company is a reference in its niche market,” says Álvarez-Cascos.

Spotahome, meanwhile, is the shiny toy from Silicon Valley. "It is one of the few unicorns in Europe," says Finnovating consultant. The company started at the end of 2013 with Alejandro Artacho, Hugo Monteiro, Bruno Bianchi and Bryan McEire as a service to lease a home without having to sign a face-to-face contract. So far, the company has not generated profits, but this has not removed large investment funds. “The funds see Spotahome as a business model that will work in the long term,” adds Álvarez-Cascos.

In fact, the company captured 34 million euros in June last year in a round of financing led by Kleiner Perkins, one of the most iconic funds in Silicon Valley. Seaya Ventures and Passion Capital also participated in the round. The company will allocate the funds to expand and consolidate its management team, with the incorporation of professionals such as Cleo Sham, the company's new Director of Operations and former Uber Executive.

In 2015, and given the difficulty of young people to access the housing market, Carlos Pierre founded Badi. The cousin of the founder of Glovo defined his start up as a system between Airbnb and Tinder, mixed with Wallapop. Technology is the key to the application, which allows users to publish, find and book rooms.

In January, the company raised 30 million dollars (27.1 million euros) in a round of financing led by Goodwater Capital. In addition, the company has closed an agreement with a fund to carry out a pilot test with twenty floors, which will be rented through the application for a year, and studies making the leap to the international market. “A business model that looks at international expansion is a model that works,” says Álvarez-Cascos.

For its part, Deepki combines technology and sustainability. The French company, founded in 2014 and established in Madrid since 2018, specializes in data analysis to digitize and optimize the management of large real estate portfolios and propel the energy transition of the market. The company offers a platform that automates the collection of data, analyzes them and gives its clients recommendations to save energy in their buildings, without audits or telecounters. The company has more than 660,000 managed buildings in France, is present in Spain and intends to enter Germany, the Netherlands and the United Kingdom.

In 2016, the company raised 2.5 million euros. In July, the company closed a round of financing of eight million euros led by Statkfrat Ventures, a German fund specializing in innovative companies in the energy sector. The Citizen Capital fund also participated in the capital injection, in addition to Hi Inov Dentressangle and Demeter.

"The company has a good backing of investors in France, with a lot of financial muscle and a powerful product," says Álvarez-Cascos.

PriceHubble was born at the end of 2015 with the intention of facing one of the main challenges of the real estate sector: convert all data into interesting information for the sector. The Zurich-based company analyzes a wide variety of data and generates stable valuations and predictive analyzes of the real estate market.

"This company raised several million euros with the clear intention of entering other countries," said the consultant. Specifically, the company is working in the markets of Japan, the United Kingdom, France, Germany and the Netherlands. “It's a very scalable product,” adds Álvarez-Cascos.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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