PropTech startup Housfy raises €6 million to fuel growth across Southern Europe

Housfy– an online real estate agency that sells properties without commission or intermediaries today announced a significant capital raise of €6 million.

This latest investment round will accelerate Housfy’s expansion in Europe. The fundraising is led by distinguished strategic funds including Torch Capital, DN Capital, Seaya Ventures, which have already invested in previous rounds, and Cathay Innovation through the C. Entrepreneurs fund.

Housfy has sold more than 2,000 properties since its launch in 2017, 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. This year, the company commenced its expansion into Italy, which will be supplemented with additional launches in Portugal and France later in 2019.

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 recognized investment funds in 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 US$4 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, Glovo and Spotahome among its portfolio companies. Whilst Cathay Innovation is a leading global VC fund based in Paris.

Housfy founder and CEO, Albert Bosch, sees this funding round as the “boost that Housfy needs to become the largest real estate agency in Southern Europe”.

 

About Housfy

Housfy was founded in 2017 by Albert Bosch, Miquel A. Mora and Carlos Blanco. It is a technology platform that allows individuals to sell property without commissions and intermediaries. Housfy sold 2000 properties online since 2017 and operates in Spain and Italy. Properties are sold in 60 days and clients save an average of € 15,000 per transaction. Housfy was the fastest growing real estate company in 2018 and is among the largest agencies in Spain

About DN Capital

DN Capital is a leading early stage venture capital firm which focuses on Seed, Series A and select series B investments in marketplaces, software, fintech, consumer internet and digital health companies. The firm was founded in 2000 and has operations in London, Berlin and Silicon Valley. DN Capital’s previous funds are top performers and the firm is one of the lead investors in companies such as Endeca (sold to Oracle), Shazam (one of the world’s leading mobile apps, sold to Apple), Auto1 (Europe’s largest used-car marketplace), Purplebricks (IPO London), OLX (sold to Naspers), Remitly (North America’s largest independent digital remittance platform) and Quandoo (sold to Recruit).

The professionals at DN Capital bring over 75 years of private equity experience to their investments, and actively work with portfolio companies to steward their growth through the various stages of development. Additional information about the firm and its portfolio companies can be found at http://dncapital.com