Clicpiso.com, a Spanish iBuyer-model proptech startup, is one of the 40 fastest-growing websites in Europe and the fourth fastest-growing site in Spain, according to Crunchdex 500 figures. The company achieved 65 percent year-on-year traffic growth.
While this sort of percentage leap usually implies low starting figures, it still suggests a healthy interest in Clicpiso’s buy-to-sell digital real estate business. It offers free property valuations within 24 hours and, if the offer is accepted, sales completion within seven days.
Despite the challenge of balancing housing stock and cash flow, Clicpiso — which launched in 2017 — reported it’s earning well. Co-founder and CEO Francisco Moreno said Clicpiso reached break-even after four months and invoiced €5 million ($5.8 million U.S.) in its first year.
Clicpiso also recently won first prize in the startup category at the Festival Inspiration 2019, organized by the Association of Publicity, Marketing, and Communication (IAB Spain).
The company closed an €8 million ($9 million U.S.) venture debt funding round in April 2019. The investment was lead by Grupo LaFinca, which specializes in property development. Funds will be dedicated to expanding from its Madrid headquarters across Spain.