Mouro Capital leads investment in the Spanish proptech Clikalia

Mouro Capital, the $400 million successor fund to Santander Innoventures, announced an investment in Clikalia, a Spanish online residential property platform which digitises the buying and selling of houses. The funding represents Clikalia’s Series A, which comes with a new debt facility to help accelerate growth.

Founded in 2017, Clikalia is the leading instant property buyer in Spain and was born with the aim of digitising the real estate sector. The company reduces the time it takes to sell a property signif-icantly, making an offer in just 24 hours and, if accepted, will buy the property in 7 days. Clikalia uses technology and big data to improve and digitise processes, reselling homes within 120 days after making them more sustainable and energy efficient.

Since its inception, Clikalia has carried out more than 500 transactions with a team of 80 people in Madrid and Barcelona, positioning themselves as one of the leading proptechs in Spain. The company has maintained positive margins and has had a positive EBITDA since day one. Clikalia is looking to expand into new cities in the next few months.

Manuel Silva Martínez, General Partner at Mouro Capital, said: “Our aim is to support teams working on the future of financial services and buying a home is one of the most important financial decisions consumers will make in their lifetime. Clikalia is working on changing the housing status quo with a customer-centric vision, so supporting them was an easy decision for us.”

Mouro Capital invest for financial returns, but it also has the objective of, in selected cases, promoting deep and meaningful relationships between Santander, a limited partner in the fund, and its portfolio companies; and Clikalia perfectly meets both criteria. Silva Martínez added: “We are excited at the prospects of helping Clikalia be a very large company following international successes like Opendoor. Moreover, as Santander thinks about its customers’ real estate needs and the financing cycle around it, we believe Clikalia can be a driver for transformation and new business opportunities in Europe and Latin America.”

Manuel will join Clikalia’s board of directors and work together with Alister and his team to make Clikalia’s vision a reality.

Francisco Alister Moreno, Founder and CEO of Clikalia, said: “We are very excited to con-tinue our journey with Manuel and the Mouro Capital team. Combining Mouro Capital and Ban-co Santander with what we have been building at Clikalia means that we can offer to customers the best of both worlds: a digital experience with the highest quality standards combined with the strength of one of the most important financial institutions in world.”

Pinsent Mason acted as legal advisor to Clikalia.