Badi, a housing rental platform, has raised €7 million in its latest funding round. Barlon Capital contributed €5 million through a capital increase, while Banco Santander provided a €2 million loan. This investment will bolster Badi’s direct housing management initiatives, which include property renovation and rental services.
Badi’s platform allows users to rent entire apartments or individual rooms. Users can list only one property per publication, even when managing multiple properties, to maintain clarity and prevent portfolio listings in descriptions. The platform aims to strengthen its market position through its key services: Badi Marketplace, Badi Plus, and the newly launched Badi Getaway.
The Badi Marketplace, the platform’s primary service, boasts over 700,000 room listings and 5 million app downloads. Badi Plus, introduced two years ago, provides premium furnished room rentals and currently oversees over 300 beds, with a target of managing 800 by year-end. The latest addition, Badi Getaway, focuses on hotel and mid-stay properties outside urban areas.
Carlos Pierre, CEO of Badi, remarked that the new funding and partnership with Banco Santander affirm their vision and supply the resources needed for further growth. Javier Rubió of Barlon Capital praised Badi’s positive EBITDA and sustainable growth, expressing confidence in supporting the company’s expansion plans.
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By Proptechbuzz
By Ravi Kumar