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Banco Santander and Fifth Wall Acquire 50% Stake in Clickalia

Banco Santander took part in the latest financing round, investing 50 million euros.

Banco Santander

Banco Santander has taken part in Clickalia’s latest financing round. According to El Confidencial, it has contributed 50 million euros to preserve the size of the stake it already had in the proptech.

At the end of 2020, the financial institution chaired by Ana Botín made its first investment in the company, 10 million euros. In exchange, it received 20% of its share capital, valued at €50 million. Now, Clickalia is valued at €200 million.

The financing was completed with a €400-million loan. The figure equals the round obtained by Glovo in April. The delivery company raised €450 million, consolidating the largest figure raised to date by a Spanish proptech company.

Another fund that took part was the US-based Fifth Wall. They are looking to replicate their success in such companies in other countries, such as Opendoor and Loft.

Read the full article in Spanish

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