ProntoPiso is a proptech aimed at those who they need to sell their house to be able to buy another one, what is known in the Anglo-Saxon market as Property-chain. The company guarantees the sale of the house in 90 days and, after that period, if the operation has not been closed, it advances 95% of the market price so that the client can face the purchase of the next house. In this way, it is detached from the “chain” to the old property.
The company was founded in 2017 by Andrés Pla, Diego Paradinas, Miguel Vicente and Gerard Olivé (Antai Venture Builder), a leading company in the creation of technology-based startups from where they have created and promoted companies such as Wallapop, , or , among other.
Prontopiso started operations with a financing of more than 3 million euros, under the backing of Antai Venture Builder, Global Founders Capital – venture capital fund with more than 1,600 million dollars under management, Picus Capital and Global Growth Capital. It also received €400,000 in public funding from ENISA, a public institution that supports entrepreneurship, and ICF, the Institut Català de Finances. In April 2018, it received a new capital contribution, which raised the accumulated amount to more than 4.3 million euros.
ProntoPiso allows Real Estate Agents to access guaranteed sales for their clients as well as providing them with a digital platform for optimizing real estate brokerage services. “Through this platform, we want to provide agents with access to the technology with which we work at Prontopiso, as well as offer our guarantee to a greater number of owners.“, it states Andres Pla, CEO and co-founder of Prontopiso.
ProntoPiso, a curious business model that continues to grow
in 2019 soonfloor announced the extension of its financing line, worth up to 14 million euros. This agreement, led by Inveready and with the participation of Sabadell Venture Capital and other private investors, allowed the company to finance operations during 2019 and 2020. In other words, this financing allows the company to finance its operations with debt, in the event of that you have to advance the payment of the committed amounts in less than 90 days.
Prontopiso expects to increase the volume of business thanks to this new line of credit. “The first venture debt contract that we closed last year was a pioneer in Spain and, in this renewal, we once again have the trust of such powerful partners as Inveready, through its Venture Debt fund, as well as Sabadell Venture Capital, which It gives us enough financial lung to capture more operations“, it states Diego Paradinas, COO and co-founder of Prontopiso.
Furthermore, in September 2020, the Spanish proptech announced the closure of a new one, this time worth 1.6 million euros. An operation led by its usual investors, and with which it seeks to double its network of agents.
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