Spanish multi-service real estate platform Housfy has secured funding of €10 million ($11.7 million U.S.).
The investment will be channeled into platform development, enhancing customer experience, streamlining processes and international expansion, starting with the stepping up of rollout in Portugal.
“The funding round will help us continue to grow and invest in the user experience,” said Albert Bosch, CEO and founder of Housfy. “Technology is worth little without a good customer experience, and that is our biggest focus right now. We have a great challenge ahead: to simplify the process of real estate services so that all users can carry out any management related to housing easily and simply from the same platform.”
Bosch described the investment as the “boost that Housfy needs to tailor a top platform to give to our customers the best experience in the Southern Europe real estate market”.
The funding round included Seaya Ventures, Torch Capital, DN Capital and Cathay Capital, through C. Entrepreneurs — which had participated in previous rounds — along with new entrants Aldea Ventures and CDTI.
The latest cash injection takes Housfy’s total funding to €23 million over five investment rounds.
The Barcelona-based proptech startup was founded in 2016. Housfy offers a fixed-fee online agency service that promises to sell homes in 60 days, with no intermediaries or commission. Home owners pay close to €4,500 (around $5,300 U.S.) when the sale is completed.
The online brokerage offers a range of home-related services, covering buying and selling, showings, mortgages and insurance, rentals, renovations, utilities, cleaning and maintenance, with more to be added over the months ahead.
“Our purpose is to offer an easy digital solution that provides home-related services to all kinds of users to make their life easier and more comfortable,” said Bosch.
According to the company, it has sold nearly 5,000 homes and managed more than 2,000 mortgages as a certified broker to date.
Housfy forecasts a net turnover of €15 million for the 2021 financial year, 140% growth versus 2020.