The residential property market is fragmented into siloed services that create an inefficient and unsatisfactory customer experience. Attempting to change this, Barcelona-based residential real estate service provider Housfy has raised €30 million in funding.
The Series B round was led by London-based Frog Capital. A/O PropTech joined the round as a new investor, and existing investors, including Banco Santander, DN Capital, Seaya Ventures, Aldea Ventures and ICF also participated. The extra capital will enable the startup to grow its presence in Portugal and Italy and target other key European markets.
Founded by Albert Bosch and Miquel A. Mora, the platform is building a cohesive residential services ecosystem to make navigating the property market easier and cheaper for the user. The platform will introduce features to enable 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 in the coming months.
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.”
Jens Düing, senior partner, Frog Capital added: “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.”