Clikalia, another player in the so-called iBuyer space, has raised €75 million ($86 million) to take that model to markets in Europe and Latin America. The company is primarily active in Spain and Mexico, where it currently has a run rate of 2,400 properties acquired. As a point of comparison, that is 600 up on the 1,800-run rate Clikalia disclosed only one month ago when it raised $518 million to scale the business. SoftBank Vision Fund 2 and Fifth Wall are co-leading the round, with participation from existing investors Luxor Capital and Guillaume Pousaz. This is SoftBank’s first property tech investment in Europe, although it’s no stranger to the iBuyer model. Both it and Fifth Wall were big backers of Opendoor, one of the pioneers in the space. It will also be investing in inking more partnerships with companies that bring in a steady stream of inventory and those that can make the renovation process more efficient.
It will also be investing in inking more partnerships with companies that bring in a steady stream of inventory and those that can make the renovation process more efficient. Clikalia’s plans to expand their activities across several European markets shows their commitment to become the dominant residential real estate platform in Europe.