Idealista acquires the whole of pioneer proptech startup, Tercero B

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

Idealista, among the largest real estate marketplace in southern Europe, has acquired 100% of Tercero B, a pioneer of Big Data and Artificial Intelligence in the real estate sector. Idealista has paid more than two million to Tercero B's founders to take control of the 24% that was still in their hands. In total, it has invested 5 million euros in the purchase.

This acquisition started in 2015 when idealist closed an acquisition of 35% of Tercero B, now called idealista / data. In 2017, it took 76% of the company for a total of 1.5 million. Now the price paid for the remaining 24% has amounted to 2.8 million euros.

"We were not looking for a round of money but a strategic move. We wanted a traveling companion who had data and an entrepreneurial culture where we could grow and add value. Thanks to Jesus, Fernando and César for trusting us and supporting us at all times," says Daniel del Pozo, idealista / data Manager.

Tercero B is the disruptive project of two Madrilenian entrepreneurs (Daniel Pardo and Daniel del Pozo) that was founded in 2013. In fact, in 2013 it billed 600 euros, in 2014, 15,000 euros, but in 2015 it reached 'break even'.

It currently has a team of 20 people with presence in Spain, Italy and Portugal. In addition, it has been recognized for several awards, including the award for the 'best European startup' granted by the IE Business School. Tercero B has managed to grow and scale the company thanks to the trust of customers: real estate agencies, appraisers, consultants, promoters, investment funds, banks and public administration.

"With the merger of TerceroB and idealista we will continue to develop and lead idealista / data with the same illusion and commitment of the first day," says Daniel Pardo.

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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