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Deutsche Bank Extends €400-Million Loan to Clikalia

A few weeks ago, Banco Santander also strengthened its position in Clikalia, while Fifth Wall took a stake.

Clikalia

Deutsche Bank has opted to support Clikalia’s growth. The home-buying proptech will receive €400 million in financing to accelerate its business model.

Banco Santander also participated in its latest financing round. The entity chaired by Ana Botín was already a shareholder and injected a further €50 million to preserve the position. That round of funding has valued the company at 200 million euros.

In addition, the investment fund Fifth Wall acquired 30% of the shares to become the second-largest shareholder after the founders. The fund is looking to replicate its other successful investments, such as Opendoor and Loft.

This transaction was the second largest in the Spanish startup sector. The delivery company Glovo received €450 million in 2021, while Clikalia raised €420 million.

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