Clikalia, a Madrid-based real estate platform, announced on Tuesday that it has raised €75M funding in a Series C-1 round co-led by SoftBank Vision Fund 2 and Fifth Wall. Existing investors, including Luxor Capital and Guillaume Pousaz, also participated.
The capital injection will enable the Spanish company to accelerate its growth as it seeks to transform Europe’s €1T residential real estate market, and in Mexico. The funding round comes two months after the company raised Spain’s largest-ever venture capital round with funding of €460M.
Alister Moreno, the founder of Clikalia, says, “The new capital raised will allow us to accelerate our strategy by adding new services and continuing to expand operations in all our verticals to deliver a full-service offering which includes fintech products, insurance, and marketplace solutions. This is consolidating Clikalia as a one-stop platform for those seeking a digital-first experience in everything related to property acquisition.”
Clikalia: What you need to know
Founded by Alister Moreno and Pablo Fernandez in 2018, Clikalia is an end-to-end residential real estate transaction platform. With its proprietary technology, the company significantly reduces the time taken to sell a property.
The proptech company guarantees sellers an offer on their property as quickly as within 24 hours and if accepted, a sale within 7 days. Through the digital platform, Clikalia is able to offer its value proposition to a larger number of customers than traditional brokerage services.
Clikalia also offers ancillary services to make the home buying process more efficient. The company utilises advanced 3D visualisation tools, guiding consumers through the renovation process.
The Spanish company has also partnered with financial institutions to offer affordable financing directly to consumers.
In 2021, Clikalia acquired Inmho, a Spanish property management company with a portfolio of over 4,000 buildings.
Clikalia currently has a team of over 600 people and is among the top 5 home developers in Spain. It has operations in Spain, Portugal and Mexico.
Elizabeth Wells, investor for SoftBank Investment Advisers, says, “The residential real estate market in Southern Europe is highly fragmented, with limited price transparency, poor quality stock and transactions on average taking twice the time of other European markets. We believe Clikalia’s technology directly addresses these legacy asymmetries and improves the customer experience at every stage. We’re excited to partner with Alister, Pablo, and the whole team in their mission to make the process of buying and selling homes more transparent, efficient, and affordable for consumers across Europe and Mexico.