Housers closes 2018 with 72M raised for projects in full round of financing

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 company plans to raise four million euros to implement the strategic plan set for 2019-2023, which will be led by Juan Antonio Balcázar, CEO of the group.

The Spanish proptech Housers ends 2018 with a total of 72 million euros raised from private investors to develop investments in the real estate sector, which represents an increase of 90% compared to 2017. The company is currently in a full round of financing, with which it expects to raise four million euros to implement its strategic plan set for 2019-2023.

According to the company, since the beginning of its activity in 2015, Housers has financed almost 100,000 users, making up 183 real estate projects in Spain, Italy and Portugal, which has allowed the construction or rehabilitation of more than 500 properties.

Of all these operations, 42 projects have already been completed in which interest and capital have been returned to investors. Specifically, throughout 2018, the participating financing platform quadrupled the amount returned to its users, from 4.45 million euros to 20.4 million euros, with a 12% monthly growth, including the distributed returns of all opportunities and return of capital.

The next steps of the proptech go through the development in international markets, both in Portugal and Italy, where it is already present, as in other countries in Europe and, even, Latin America. The funding round currently underway should serve to finance the international growth plan. However, the company's shareholders are currently faced with the capital increase, which could not go ahead.

The incorporation last July of Juan Antonio Balcázar as new CEO of Housers responds to the interest of the proptech to lead the project a manager with experience in the world of management and prepare the company for growth and expansion through the development of a three-year strategic plan that will begin 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.

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