PropHero Raises €2.5M from BBVA Spark for Spanish Real Estate Tech Expansion

Madrid-based PropHero, a digital platform using AI to connect property investors with high-yield opportunities, has secured €2.5 million in financing from BBVA Spark to fuel its expansion across Spain.

The funding – supported by the EU and the European Investment Fund through the InvestEU programme – will reinforce PropHero’s operational liquidity and support its growth plans in the Spanish market. With the company now headquartered in Spain and having concentrated much of its workforce there, this financing aligns with its increasing focus on scaling within Europe.

Pablo Gil, Co-CEO and Co-founder of PropHero, said: “The trust of BBVA Spark has been fundamental to driving our growth strategy. This agreement strengthens our ability to scale operations, meet increasing demand and continue transforming the real estate sector through technology.”

Although founded in Australia in 2021, the company is now directing its resources firmly towards Europe, where Spain has emerged as its operational and strategic hub.

Operating in four countries, PropHero has helped users purchase more than 1,800 properties, which the company claims have outperformed broader market returns in Europe, Asia, and Australia. It currently serves more than 10,000 active users, offering a data-driven platform that analyses market trends and optimises property selection for investors.

PropHero aims to double its business volume by 2025, leveraging its platform’s AI-powered property matching tools and rising demand for digital real estate investment services.

Miguel Ángel Alcalá, Head of BBVA Spark in Spain, said: “PropHero represents the type of company that we want to support at BBVA Spark: digital, ambitious and with a real impact on its sector. Its model, based on data and artificial intelligence, democratises access to real estate investment and aligns with our priority of backing innovative and sustainable business models.”