Spanish startup Badi receives a €26.04M round

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Integral service around a transaction
BY : Diego GutiérrezMarch Tue, 2019

In the real estate market we have seen how the Catalan company Badi has received a round of financing at the beginning of 2019. Its objective: to launch into new cities such as Berlin or to double its workforce.

Following the analysis of the operation, we have carried out a study on operations of sale of companies in the Real Estate sector.

Funding round for Badi App

Badi Appbased in Barcelona, is a company dedicated to the development of an application for smartphones that connects people offering and looking for flats or rooms to share..

It was founded in 2015 and is the first PropTech company to implement Artificial Intelligence to be more effective in connecting profiles looking for long-term rental solutions.

On 10 January 2019 Badi closed a €26.04 million financing round. The investment was led by Goodwater Capital, with existing shareholders Spark Capital Partners and Mangrove Capital also participating.

The new resources raised in this round will make it possible to start operations in new citiesas Berlin, launch a reservation system to monetise the platform and doubling the workforce from the central office in Barcelona.

Selling companies internationally

The real estate market has always been the talk of the town in Spain, but will the same happen in the rest of the world? These operations of sale of companies can answer that question.

1. RadPad

RadPad is a people-centric end-to-end mobile rental marketplace. Users use RadPad to finding a place, signing your lease or paying your rent. He is quite well known; he appears regularly in news outlets such as the Huffington Post and The Wall Street Journal and often appears on CNBC, FOX Business and Bloomberg News.

Priority Technology Holdings announced on 1 August 2018 the acquisition of Radpad. The amount of the transaction was not confirmed.

Priority Real Estate Technology is a wholly owned subsidiary of Priority Technology Holdings. It was formed in August 2018 by the acquisition and combination of RadPad and LandlordStation technology. Priority expandirá y acelerará estas marcas internas al tiempo que forma sociedades y realiza acquisitions estratégicas en el espacio de la tecnología inmobiliaria.

2. Space

The intuitive mobile platform of Space provides agents with a set of digital tools to automate lead capture and follow-up. Spacio offers a analysis of comprehensive data on the real estate market which, for the first time, gives visibility to a process that has always been manual and untraceable for agents, brokerages and franchises. Spacio integrates with dozens of marketing and CRM platforms and is used by more than 100,000 agents in the US and Canada.

HomeSpotterreal estate software for agents to manage and grow their relationships with clients, announced on 17 January 2019 the acquisition of Spacio. No further details of the transaction were disclosed.

The movement extends HomeSpotter's reach into the real estate market and strengthens its position in relationship technology. "With the addition of Spacio we now serve the four largest brokerage firms in the US, and have a combined presence of more than 450,000 registered agents across North America," said Spacio co-founder and CEO Melissa Kwan.

3. eMoov

Founded in 2010, eMoov is a online estate agent who assists its clients with technological tools in the sale of their homes. eMoov charges nominal fixed fees, a fraction of the percentage-based transactions charged by traditional real estate agents.

On 16 January 2019 it was confirmed the sale of eMoov to London-based Mashroom. But the acquisition was not unique; on the same day it was also announced the sale of Tepilocompetition in the sector. In neither case were the amounts of the transactions published.

Mashroom is a unique end-to-end property rental platform that benefits both landlords and tenants. It combines technology with a community to provide a more efficient way of permitting, securing and maintaining a property.

4. Pop Places

Finally, we have once again come across the Spanish company Pop Places. In this post you can read in detail the study we did in its day about the company and its merger with the German one. Go-Popup.

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