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Clikalia Finalises €460-Million Capital Increase, Spain’s Largest Ever

Clikalia has finalised the largest capital increase ever in Spain, raising €460 million, according to the home buying and selling platform.

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Fifth Wall, a venture capital firm specialising in proptech, led the Series B equity investment. In addition, the New York hedge fund Luxor Capital and the American ‘iBuyer’ Offerpad took part. Mouro Capital, which had already participated as an investor in Clikalia’s Series A round last year, was also involved. Deutsche Bank provided debt financing to expand the company’s operations in Europe.

As part of the Series B funding, Clikalia, founded in 2018 by Alister Moreno and Pablo Fernandez, announced its acquisition of the community management company Inmho.

The Spanish startup, which has a team of more than 600 people, plans to use the funding to expand, starting with a launch in Portugal in the first quarter of next year. It is also adding new products such as mortgage financing and insurance.

Read the full article in Spanish

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