BBVA Madrid. Credit score: JJFarq, Shutterstock.
Australian proptech agency PropHero relocates headquarters to Spain and secures main EU-backed funding to double development.
BBVA Spark has offered €2.5 million in financing to digital actual property platform PropHero because the Australian-founded startup shifts its headquarters to Spain and targets a serious enlargement within the nation’s housing market.
The deal, introduced August 4, 2025, is supported by the European Funding Fund below the InvestEU programme and can bolster PropHero’s liquidity because it seeks to double its enterprise quantity in Spain by the tip of subsequent 12 months.
About PropHero
Based in Australia, PropHero operates in 4 nations and at the moment boasts over 10,000 lively customers. Its platform makes use of AI and knowledge analytics to assist customers make smarter property investments, providing digital instruments for distant consumers and portfolio builders.
BBVA Spark, the innovation unit launched by BBVA in 2022, selected to assist PropHero primarily based on its scalable enterprise mannequin and disruptive tech.
“PropHero exemplifies the type of digital, bold firm BBVA Spark goals to again, as it could have an actual impression on the sector,” mentioned Miguel Ángel Alcalá, BBVA Spark’s head in Spain, as quoted by BBVA’s press launch.
PropHero co-founder Pablo Gil referred to as the funding “elementary” to the corporate’s plans to develop and meet rising demand for digital actual property options.
The funding marks one other instance of EU monetary assist boosting revolutionary startups via the InvestEU programme. BBVA Spark’s tailor-made strategy gives companies from primary banking to enterprise debt, serving to fast-growing firms like PropHero scale globally from Spain.
View all finance information.
View all information from Spain.