Europe’s proptech startups are booming as they transform the way we buy, sell, and rent our homes

 

Proptech startups are changing the way real estate is bought, sold and rented. Funded and grown, the company expands its market and further develops its products. Here are the biggest trends of the past three years and the companies behind them.

Proptech is getting stronger and stronger these days. We undertake the purchase, sale and rental of residential properties. We see steady growth in companies that have revolutionized the traditional real estate industry.

Overall, companies are raising more funding, expanding their marketing, and evolving their product offerings. while offering creative ways to buy, sell and rent homes.

Let’s look at the trends over the last three years. Similar to Italy, Germany and France, we have yet to see a significant increase in funding 2022 was a record year for Spanish proptech startups, so this should come as no surprise.

But in 2022, companies raised more money with fewer deals than before.

So what’s going on behind the scenes as we dig into the most funded proptech startups right now? became clear. It spans multiple rounds of funding, product maturity, and new service offerings. Leveraging AI, data analytics, and digital platforms, iBuying accounts for 4 of the top 10 funding rounds in 2020.

Homeowners can sell their homes online without meeting a real estate agent, listing, staging, showing, or marketing their homes. Instead, potential sellers upload their home details to an online platform.

These details are evaluated using AI and data analytics to predict the future value of the home and provide offers to owners based on the calculations. It will happen soon.

Founded in Italy in 2017, Casavo is the largest fundraiser in the last three years and the European leader in iBuying. Casavo can create purchase suggestions based on video calls or simply by analyzing the house’s floor plan and images uploaded directly to the app.

The company guarantees sales within 7 to 30 days, provides instant property valuations, and makes direct offers to buy within 48 hours via an app.

sellers can receive offers to buy directly from Casavo or find buyers through their network of partners and his agents. Buyers have access to a dedicated portfolio of ready-to-move properties and integrated services such as mortgages.

Casavo’s platform also connects real estate agents such as brokers, banks and remodeling companies. The company currently operates in Italy, Spain and Portugal and is rapidly expanding into other European markets.

Casavo has raised €708.9 million in 10 funding rounds. The last funding he had was in December 2022.

The Spanish company Clikalia is also his iBuying leader. The company guarantees the seller “immediate” liquidity by offering the property within 24 hours and, if accepted, he will sell it within 7 days.

Most of the properties are then refurbished by the company and put back on the market.
The company has raised $983.1 million in six rounds of funding. The last fundraising he took place in February 2022.

Finnish proptech company Rive is offering instant cash offers to home sellers, giving buyers fully renovated, ready-to-move homes and the opportunity to trade-in their older homes at data-driven market prices. We have developed an end-to-end comparison platform that provides.

The company has a valuation of €136.7 million and its latest funding round is €22.

Heimkapital is a German real estate platform founded in 2019. This allows clients to sell part of their property and receive immediate payment. Sellers targeting the aging market will sell up to half of their homes and pay monthly commissions to the company. B. Rent. This leaves disposable income for seniors. Heimkapital has raised a total of €300 million, including the September 2022 funding.

Service Delivery Convergence:

Some of the top 10 companies use technology to not only combine service delivery to support buyers and sellers, but also B2B in-house products that digitize real estate processes and other services. We also provide industry.

For example, idealista is a real estate platform that shares industry news, data and insurance.
In 2020, EQT acquired the Idealist majority from Apax Partners for a whopping €1.3 billion. (Apax said he acquired Idealista in 2015 at a valuation of €150 million).

Idealista has acquired four companies and in five funding rounds he has raised 426 million euros. This is his last fundraising for February 2021. In addition to typical real estate offerings, we also focus on real estate agent training.

The company acquired Immoreseau in 2017 and Rezoximo in 2018 for an enterprise value of $112.97 million.

In Germany, McMakler, founded in 2015, is a hybrid real estate agency that not only buys and sells properties, but has also developed software to help offer, market and book. The company also has offshoots focused on investment management and energy certification.

The company is active in Germany, Austria and France and employs over 600 of his people, including 400 realtors.

McMakler has raised a total of €188.5 million in his ten rounds, including his two in 2022.

Co-Living:

Co-Living is currently all the rage in rental accommodation. People are renting smaller private spaces and enjoying large shared spaces such as communal kitchens, work and living areas without sacrificing privacy. It will help solve the housing shortage in many metropolitan areas.

France Startup Colonies is one of two symbiotic startups in the top 10 for proptech funding over the past three years.

This new type of housing. Founded in 2017, the company has raised 180 million euros. The company currently has his portfolio of 1,550 rooms in Brussels, Paris, New York, Madrid and Luxembourg, and by the end of 2026 he aims to reach 5,000 rooms in 11 cities. Living continues to grow in popularity, and we are already seeing the next iteration of accommodations catering to specific tenant cohorts. Two companies of note are Her Roomies and Commune.

Spanish company Her Roomies was founded in her 2020. It addresses the reality that women face greater challenges than men when looking for rental housing. One of her reasons for that is the wage gap between men and women, as well as certain safety requirements and desires such as neighborhood and proximity for amenities.

She has developed a comprehensive platform that simplifies the rental process, listing over 52,000 rooms, apartments, co-living and student residences. She also provides services such as moving assistance and moving logistics such as banking. The company has raised her €208.5,000 in 2022.

Originally published at https://businessdor.com on January 25, 2023.