Inveready leads €4.5m round for ProntoPiso

Banco Sabadell, through its Sabadell Venture Capital fund, and several private investors also took part in the round.

Inveready deployed capital from its Inveready Venture Finance II fund, which held a final close on €23m in 2016.

The GP used a hybrid debt and equity instrument for the financing. According to a statement, this method of financing will allow the company to finance its debt while maintaining control over management and operations.

Previous funding
The company raised €1m in equity and €1.8m in debt from Global Founders Capital and Antai Venture Builder to start its operations in Madrid and Barcelona in December 2017. Subsequently, ProntoPiso received €1.5m from Antai Venture Builder, German fund Picus Capital and Media Digital Ventures in April 2018.

Company
Founded in 2017 by Andrés Pla, Diego Paradinas, Gerard Olivé and Miguel Vicente, and based in Barcelona, ProntoPiso is an online real-estate agency that guarantees property sales within 90 days. Should the sale not close within the deadline, the company provides 95% of the market value of the property and pays the remainder when the sale is closed.

People
ProntoPiso – Andrés Plá (co-founder, CEO);  Diego Paradinas (co-founder, COO).

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• Topics
• Expansion
• Southern Europe
• Real estate
• Inveready First Capital
• Spain
• Venture