8 Spanish proptech companies transforming real estate

Madrid-based company, Spotahome, recently put a spotlight on Spain’s proptech community after raising $40m in a Series B funding round led by Silicon Valley firm, Kleiner Perkins. This made Spotahome the first Spanish company the firm has invested in.

With startups increasingly emerging from Spain, we’ve compiled a list of the companies you should know about.

1. Spotahome is a mid- to long-term online booking platform for home rentals. Users can rent a room, flat, house or student home instantly through the platform. This is supported with professional photos, floor plans, and HD videos of the property and neighbourhood – including vlog-style point of view videos from Spotahome’s own homecheckers.

2. Selling an apartment will usually take a few months on average. Tiko aims to give a competitive offer in 24 hours and the payment a few days later by using a myriad of data to make a valuation as accurate and realistic as possible. To be able to outline an offer, data technology is used to compare real prices paid for similar properties to the one being sold (location, size etc.), as well as appraisals from real estate experts. The company is currently based in Madrid, with plans to expand to other big cities and countries in Europe.

3. Raixer was founded in 2017 in the vibrant startup community at Google Campus Madrid. Using both hardware and software, the product aims to help tourist apartment managers automate the check-in process for their guests. The device is the size of a credit card that allows you to connect your current door to the internet and the app without having to change the locks. For the door to open, time slots can be set, or it can be opened with a phone call or through the app or even with a URL link generated by the manager which the guest can click on to open.

4. Barcelona-based Floorfy is an all-in-one virtual reality system for the real estate market. Agents get access to an editor to create virtual tours in a few minutes, as well as an ‘Open House’ feature which allows them to show properties to customers through a video conference integrated into the tours. They will also have access to data and history of the visits of all of virtual tours that users have made.

Floorfy’s Open House feature

5. Casafari is a data-driven property search and market watch focused on second homes overseas. The platform is powered by artificial intelligence to make the process of finding, buying, selling, or renting a holiday property seamless for real estate professionals. Casafari launched in 2015 and is accessible for markets in Spain, Portugal and the Balaeric Islands.

Casafari’s market insights

6. VisualUrb is a digital tool which presents data about properties and their related urban information – planning laws, town plans, what’s nearby etc – and displays it in a graphic format. The platform has multiple uses and targets; for example, property agencies can access data to help with offers and valuations such as location environment, neighborhood information, size and applicable regulations. For architects, the tool can be layered with soil classifications and ratings as well as help in the modification of urban regulations. The company has already gathered data of the 179 municipalities in Madrid.

7. Restb.ai uses specialised image recognition API (application programming interface) to recognise, classify, and tag features and settings in online images. The plug’n’play artificial intelligence automatically tags property photos with details specific to real estate. The platform processes over 5 million images a day with 99% accuracy. The benefits of this solution are higher SEO rankings, enabled voice searches, improved user experience, and increased revenue by detecting logos and watermarks. The Barcelona-based startup gained €1.7m in funding this month after winning the European Innovation Council pilot. The EIC pilot is part of Horizon 2020, the biggest European Union Research and Innovation programme.

8. VQuarter is a vacation rental and property management software focused on improving maintenance workflows and enhancing guest experience through a virtual concierge, VQ Butler. Using VQuarter’s crew application enables property managers to schedule and dispatch jobs, chat and receive photo confirmations after finished jobs. Whereas, VQuarter’s concierge application provides necessary property information, as well as a welcome book and travel guides, and sells services such as late check-outs and mid-stay cleanings. The platform also provides an overview of properties with all information gathered in one place including property manuals, rental contracts, maintenance and guest history.