Housfy raises EUR10m to fuel growth and product development
Housfy – a Real Estate multi-service platform that helps customers selling, buying, renting a house, or getting a mortgage online without commissions or intermediaries – has closed ancapital raise of EUR10 million.
This latest investment round will reinforce Housfy’s expansion in Europe. The fundraising is led by distinguished strategic funds including Seaya Ventures, Torch Capital, DN Capital, and Cathay Capital through the C. Entrepreneurs fund, which have already invested in previous rounds, Aldea Ventures and CDTI. To date, Housfy has now raised a total of EUR23 million over five investment rounds.
Housfy – founded in 2017 and led by Albert Bosch – has sold more than 5,000 properties and intermediated around 3,000 mortgages since its launch and is on track to be the leading real estate platform in Southern Europe. The company lowers agency commissions significantly and improves the home sales process and user experience for both sellers and buyers through its proprietary technology. In 2019, the company commenced its expansion into Portugal, which will be supplemented with this latest investment to drive growth in the Portuguese market.
The company is building the first comprehensive home services ecosystem in southern Europe and will add additional services progressively. Users can sell, buy, or rent a house, get a mortgage, and hire additional services, such as home refurbishment, moving and storage, insurance brokerage, utility bills management (electricity, gas, water, etc.), among many other services. “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,” says Housfy founder and CEO, Albert Bosch.
Housfy partnered with a select group of strategic investors to help facilitate this expansion into new international markets. DN Capital has been one of the most active and recognised investment funds in UK & Europe in recent years, having invested in highly successful companies such as Purplebricks and Shazam. Torch Capital, a New York-based consumer fund with a string of high-profile investments to its name including PropTech behemoth Compass (last valued at USD10 billion), adds a layer of strategic marketing expertise to further hone the company’s consumer offering. The Spanish investor Seaya Ventures counts high-growth companies such as Cabify and Glovo and among its portfolio companies. Whilst Cathay Innovation is a leading global VC fund based in Paris, which invests through the C. Entrepreneurs fund managed in partnership with the insurer BNP Paribas Cardif.
Bosch sees this funding round 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”.