PropHero, a digital property investment platform, has secured €2.5 million in funding from BBVA Spark to support its growth plans across the Spanish real estate market.
The funding will be used to enhance operations and scale its AI-enabled services that connect investors with high-performing property assets. The European Union and the European Investment Fund are also backing the investment through the InvestEU programme.
Founded in Australia in 2021, PropHero is increasingly concentrating its resources on Europe, with Spain now positioned as its main strategic hub. The company aims to double its business volume in Spain by 2025.
To date, PropHero’s platform has supported more than 10,000 users in purchasing over 1,800 properties. These properties, according to the company, have delivered higher returns than broader market averages across Europe, Asia, and Australia.
PropHero’s technology leverages artificial intelligence to analyze market trends and identify investment opportunities with strong yield potential. Its digital approach reflects growing demand for accessible and tech-enabled real estate solutions, similar to models offered by firms such as Casavo and Idealista.
As part of its expansion strategy, PropHero has scaled down its Australian operations, including reducing staff and transferring marketing functions to Spain. However, the company still considers Australia a key market.
Over the past six months, PropHero reports adding 40 new team members and achieving more than 50% growth in revenue, suggesting continued momentum despite the geographical shift in focus.
PropHero plans to position itself as a leading AI-powered platform for real estate investment in Europe, targeting both retail and institutional investors seeking data-backed decision-making tools in property acquisition.
—----------------------
If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.
Explore more Proptech news at proptechbuzz.com/news, for news tips and promotions, reach out to marketing@proptechbuzz.com.
By Proptechbuzz
By Ravi Kumar