Guaranteeing sellers an offer for their property in as fast as 24 hours and if accepted, a sale in 7 days, Madrid’s Clikalia has raised €460 million in a Series B financing round. In addition to snapping up well-established property management and rental management company Inmho, the new funding will be used to further expand the company’s pan-European footprint, beginning with an entry into the Portuguese market during the first quarter of 2022. Likewise, the company plans to roll out new products including mortgage financing and insurance options in the coming months. Since the company’s founding in 2018, Clikalia has raised approximately €922 million.
Tackling the traditionally painfully slow and inefficient process of selling a home in Europe, Clikalia has seized upon the home-flipping process and added a fully digitised component allowing the company to snap up properties in less than 7 days from sellers and offer buyers fully renovated and certified homes, ready to move into, all with guaranteed quality standards.
At present, Clikalia has a run-rate of over 2,000 properties, a figure up 8x from just last year, however, the acquisition of Inmho will give the company access to more than 250,000 residential units, and add some 4,000+ buying and selling opportunities per year that previously resided within Inmho's portfolio.
"Our goal is to create a real estate ecosystem that reinvents the way of buying and selling homes by focusing on the needs of the client," comments Clikalia founder Alister Moreno. "Our latest round of financing reinforces our commitment to disrupt the market, leveraging a digital platform that simplifies the home transaction process for consumers while providing additional value-added services.”
Clikalia’s €460 million Series B equity funding round was led by proptech focused VC firm Fifth Wall, Deutsche Bank, Luxor Capital, and Mouro Capital.
Fifth Wall’s Miguel Nigorra Esteban commented, “We have been impressed by Clikalia's management team, the growth of the company, and its business metrics, which are the best. The European market is a central focus for Fifth Wall and we are very happy to support successful entrepreneurs such as Alister and Pablo and thus contribute to the innovation of the real estate industry.”
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