Funding and Investment Roundup: REA Group, Pacaso, FangDD, EQT

A truckload of cash was sourced and invested this week. Here's what we spotted...

Oceania: REA Group acquires majority stake in 3D property tech company, iGUIDE

REA Group has agreed to acquire a 61.5% interest in Planitar Inc., the Canadian company behind iGUIDE, a platform combining spatial mapping hardware with AI-driven floor plans and 3D virtual tours. The deal is expected to close imminently.

iGUIDE’s PLANIX camera systems integrate 360-degree photography with LiDAR to map interior and exterior spaces, automatically generating floor plans and measurement data. The company reports that its technology was used in 25% of Canadian residential property sales in 2025. The system is currently deployed in over 50 countries, used primarily by real estate photographers and agents.

The platform’s functionality allows users to edit 3D tours post-capture, take custom measurements within virtual environments, and review interactive floor plans. REA Group said the acquisition aligns with its broader strategy to personalise and enhance digital property experiences for consumers on realestate.com.au, which has more than 12 million monthly users.

Owen Wilson, CEO of REA Group, said:

“I’m delighted to welcome the iGUIDE team into REA and look forward to introducing iGUIDE’s leading 3D tour and floor plan technology to the Australian market. This type of spatial mapping technology instils confidence and helps property seekers make more informed decisions while also providing agents and vendors a way to differentiate their property to secure the best outcome. While approximately less than five percent of listings currently feature a 3D tour, we expect this to grow as advances in technology support higher quality and more accessible solutions.

“Interactive content and video will become the standard for property marketing in the coming years and already we’re seeing the positive impacts more immersive experiences are delivering for property seekers and real estate professionals.”

iGUIDE will establish a local sales and operations team in Australia, providing direct support to domestic customers. The business will continue to operate under its existing brand and structure.

Alexander Likholyot, iGUIDE co-founder and current CEO, will step into a Strategic Advisor and Director role after the deal closes. Jarrad Morden has been appointed as the incoming CEO.

Likholyot said:

“It was clear after we started discussions last year, REA was the right fit for our business and we’re delighted to be joining the Group. REA is a company with a shared vision for accurate property data and information excellence, helping property seekers and industry professionals make the most informed property decisions.”

Morden said:

“This is an exciting milestone for iGUIDE and an opportunity to expand our reach with the support of a global leader in digital property experiences. I’m looking forward to working with REA’s world-class team to unlock new capabilities and establish a strong presence in the Australian market.”

REA's recent investments include taking an increased stake in the Australian off-plan visualisation tool, Immersiv, and a circa 10% stake in the British AI property search platform Jitty.

North America: Pacaso closes over-subscribed $72.5 million raise

Pacaso has closed a $72.5 million Regulation A+ round, one of the largest in the real estate sector to date and the biggest such raise of 2025.

The luxury second-home marketplace attracted investment from more than 17,500 individual investors, bringing the company’s total equity funding to over $300 million. The raise was executed in partnership with DealMaker.

Austin Allison, co-founder and CEO of Pacaso, said:

"This raise was proof that thousands of people believe in a better, smarter way to own and experience a vacation home. The overwhelming demand exceeded expectations, showing that co-ownership is more than a trend — it's a movement. By combining the power of community with institutional support, we're making luxury ownership more attainable and more meaningful for families and investors around the world."

Rebecca Kacaba, co-founder and CEO of DealMaker, said:

"This deal is a perfect example of how retail investors can be a valuable source of funding for high-growth companies in conjunction with institutional and venture capital. We're proud to have helped Pacaso engage such a broad base of individual investors in this investment round — fueling future growth while giving those investors a unique opportunity to be part of something transformative."

Pacaso reported $12.6 million in adjusted gross profit for H1 2025, with improvements in margins and lower cash burn. The company also agreed on a $100 million credit facility from Texas Capital Bank to launch a dedicated mortgage product for co-ownership. Other recent highlights include Pacaso's expansion to more than 40 destinations, including recent listings in London, Paris, Italy, and the Caribbean.

Asia: FangDD to acquire unnamed AI assets in $34M deal

The China-based Nasdaq-listed Fangdd Network Group Ltd. (FangDD) has agreed to acquire artificial intelligence-related assets from a British Virgin Islands-based entity for $34.32 million, as part of its tech-driven expansion strategy. The transaction structure includes a fixed purchase price and a tiered earnout mechanism.

The seller, whose identity remains undisclosed, is eligible for additional payments tied to FangDD’s year-on-year revenue growth in 2025, 2026, and 2027. These payments will be calculated as a percentage—20%, 25%, and 30% respectively—of the annual revenue increase, and will be settled in FangDD Class A ordinary shares. Share pricing will be based on the 30-day average closing price before the payment date.

FangDD has a three-month window to secure financing and close the transaction. If the deal is not completed by December 29, 2025, the company may exit the agreement without penalty. The contract includes standard representations and warranties typically found in transactions of this nature.

Europe: EQT to borrow $1.1Bn to secure Adevinta Spain assets

The private equity firm EQT is in talks to raise over a billion dollars to fund its purchase of Adevinta's Spain-based assets.

According to reporting from Spanish-language publication Expansión, EQT is in discussions with Blackstone, Goldman Sachs and HPS Investment Partners to finance the deal to the tune of USD 1.1 billion at a valuation of circa €2 billion (USD 2.3Bn).

Adevinta Spain consists of several marketplaces across automotive (coches.net and motos.net), jobs (Infojobs), real estate (Fotocasa and Habitaclia), and the generalised marketplaces Milanuncios.

EQT's impending acquisition, not due to close until 2026, has already seen Germany's Scout24 successfully bid for Fotocasa and Habitaclia for approximately €153 million. Fotocasa is the country's number two real estate marketplace, meaning the Spanish market will now have two international players (including Italy's Immobiliare, which owns Pisos.com) fighting for market share.