The ‘proptech’ Housfy has raised €30 million in a series B financing round led by British fund Frog Capital and with the participation of A / O Proptech and previous investors such as Banco Santander, DN Capital, Seaya Ventures, Aldea Ventures and ICF.
This new capital injection will be used to develop the platform with the aim of further improving the user experience and integrating new services, as well as boosting the company’s business in Portugal and Italy, the platform said in a statement.
“This round allows us to drive the growth of the ecosystem of services that we are building, which gives us the ability to open and scale different businesses that, connected together, help us to offer a better user experience, finding solutions to everything related to your home and from a single platform,” said Housfy co-founder and CEO, Albert Bosch.
Founded in 2017, the platform encompasses all services related to housing: buying and selling properties, mortgage and financial intermediation, residential rentals and home services, such as renovations or removals.
The company, which has closed six rounds of financing to date for a total amount of 52.7 million, plans to allocate the new capital injection to the development of the platform to further improve the user experience and integrate new services, making the processes easier and more accessible to all consumers.
A Corporate team formed by partner and head of the firm´s New York office David González and associate Clara Rivero advised on this deal.
Bird & Bird advised Inversiones Jilt as co-lead investor. The Bird & Bird team was formed by partner José Luis Lorente, counsel Alberto Rodríguez, senior associate Antonio Ballesteros and associate Mónica Sangalli.