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Housfy raises €30m in Series B funding to expand across Europe

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May 11, 2022
  • The round was led by Frog Capital. Other investors include Banco Santander, A/O PropTech, DN Capital, Seaya Ventures, Aldea Ventures and ICF.
  • Housfy is the leading residential real estate service provider in Southern Europe and it will launch new services on its platform in the coming months
  • The funding will be used to continue to grow Housfy’s presence in Portugal and Italy, as well as target other key European markets

Barcelona, May 11th, 2022. Housfy, the end to end residential real estate service provider, founded by Albert Bosch, Miquel A. Mora and Nuclio Venture Builder, raises a €30M Series B led by Frog Capital. A/O PropTech joins the round as a new investor, and returning investors include Banco Santander, DN Capital, Seaya Ventures, Aldea Ventures and ICF.

Albert Bosch, CEO and co-founder of Housfy, said “This funding allows us to further drive the growth of our ecosystem of real estate services that we are building. We have the means to open and grow different business units, which, given their interconnectedness, will provide a better experience for users. Users will be able to find services for everything relating to their home in one platform."

Housfy’s platform enables users to manage any transaction for their home including buying and selling, mortgage services, rentals, refurbishments, moving between homes, services for real estate companies, insurance brokerage services and much more. This is all set to be rolled out over the coming months.

Housfy expects to grow net revenue by 200% YoY to €43 million and increase its number of staff from 370 employees to 500 by the end of the year.  

Investors

The Series B round was led by specialist Scale-Up Investor, Frog Capital, based in London. Frog have an in-house team of Operating Partners at leadership level as part of their Scale-Up Methodology, providing support across product, technology, sales, strategy and talent.  

Jens Düing, Senior Partner at Frog Capital, stated that “Housfy impressed us from the very beginning. Albert and his team have built the only platform serving homeowners’ different needs in one place: the best quality real estate agency, rental management, and the leading portal for buyers to find the right mortgage. We are looking forward to working closely with them as they build their team, scale their product range and expand into new markets”.

Other key investors include Banco Santander, DN Capital, who have previously invested in Purplebricks and McMakler, Seaya Venutres and Aldea Ventures and ICF (Institut Català de Finances), who took part in Housfy's last funding rounds. A/O PropTech, Europe’s largest PropTech venture capital firm, also participated.

Kia Nejad, Investor at A/O PropTech, said: "Housfy provides an invaluable service to those buying, selling, or renting a home, and we’re delighted to be joining its latest investment round. The residential property market is fragmented into siloed services that create an inefficient and unsatisfactory customer experience. By building a unified residential services ecosystem, Housfy has a proven, powerful, scalable product that makes navigating the property market easier and cheaper for the end-user. The latest fundraise will allow Housfy to expand its market-leading position throughout Spain and across the rest of Europe."

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