Alantra advises Tiko on its $65 million Series A financing round
ServiceFunding and Structured Finance; PropTech
Value $65 million
Madrid – Alantra, the global investment banking and asset management specialist, has advised Tiko, the innovative tech platform that allows any homeowner to sell their house in a few days, on its $65 million Series A financing round. The financing was led by btov’s Digital Tech Fund and Private Investor Network, which remains Tiko’s largest shareholder, and an International Credit Fund led the debt. Tiko is also backed by other venture capital investors, such as Rocket Internet or angel investors.
Tiko is a Spanish Proptech company founded in mid-2017, with a team of 75 people operating in Madrid, Barcelona, Valencia, Bilbao, Malaga, and Seville. The company applies technological innovation to the real estate sector, using Big Data to accurately price a home and complete the purchase in just a few days, leading to a large volume of home sales with tight profit margins. The keys to its rapid success are its technology platform and selling proposition, which allows homeowners to fill out a short form to receive a competitive purchase offer within 24 hours. As the direct home buyer, Tiko eliminates a seller’s uncertainty around deadlines, the price, and the sale process. Tiko has been able to quickly attract more than 33% of Madrid-based home sales.
This financing round, which combines equity and debt, will serve to boost the data-driven valuation algorithm Tiko uses to get quick offers. With an ambitious expansion plan in Europe, the new round will enable Tiko to expand operations to 10 European regions, including Portugal.
Joel Grau, Managing Partner of Alantra CPA, said: “We are very pleased to have provided our expertise to support Tiko, one of the most digitized companies in the Spanish real estate sector, in its search for the best financial partner to expand its activity to other geographies. Tiko has had a history of rapid growth thanks to its iBuyer model, and through this transaction, it will be able to consolidate its position as one of the leading operators in this segment in the Iberian Peninsula.”
Aug 2021Debt financingAug 2021Service Funding and Structured Finance
Dec 2020Senior financingDec 2020Service Funding and Structured Finance
Mar 2020Sell-side advisory – Performing Lease and hire-purchaseValue €250 millionMar 2020Service Credit Transactions; Funding and Structured FinanceValue €250 million
Jul 2019Strategic AdvisoryValue £200 millionJul 2019Service Funding and Structured Finance; Credit TransactionsValue £200 million