Property portal Housfy closes a round of financing of 6M euros

June 4, 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.

The new round, with participation from Seaya Ventures and international funds Torch Capital and DN Capital, will be used for international expansion in France and Portugal as well as "technological development"

Digital real estate agency Housfy announced the closing of a new round of financing, which has attracted 6 million euros that will be used to strengthen the international expansion of the firm, founded by Albert Bosch, Miquel A. Mora and Carlos Blanco. The platform sells 6 buildings of average daily, in an average term of 60 days and with an average saving of 15,000 euros with respect to the traditional agencies. Without commissions, here the owner pays a fixed fee of 3,990 euros, if he manages to sell in real estate.

The new round has been co-hosted by Seaya Ventures, which has been with Housfy since its creation - and is also present in other startups such as Glovo or Cabify - and the international funds Torch Capital and DN Capital. In addition to having the support of Seaya Ventures, which accompanies Housfy since its inception. In addition, the French fund Cathay Capital has also participated through C. Entrepreneurs.

As highlighted by the company in a press release, the capital raised will go towards the opening of new international markets, as well as "technological development". In the opinion of those responsible for the firm "is a sign of the confidence of relevant international funds in the project that represents Housfy". The platform has already commercialized more than 2,000 homes across the internet throughout Spain.

In its international agenda, after replicating this model in Italy, the proptech wants to settle in Portugal and France before the end of the year. The objective is to become the leading technology trading platform for housing in southern Europe. In addition, it will also invest in the technological development of the platform with the goal of "optimizing" the processes of buying and selling a home.

On the other hand, the investment fund Seaya Ventures has continued with its commitment to the proptech market and as one of the benchmark investors of the company. Payroll to which the British investment fund DN Capital, which was an investor of Purplebricks, the proptech that markets more than 50,000 properties in the United Kingdom and which is publicly traded, has been incorporated. Torch Capital, a US fund that invested in proptech company Compass, valued at more than $ 4 trillion, has also been incorporated. The new round has also had Cathay Capital through C. Entrepreneurs, in its third investment with Seaya.

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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June 4, 2019

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