Funding Roundup: Auctree, Masteos and Coadjute

Auctree, a portal specialising in distressed real estate assets in Spain, has secured €2.5 million in funding to expand its platform.

The investment round was led by Samaipata, the European VC company that has backed fellow Spanish proptech companies such as Spotahome, Vivla and PropHero.

With its mission to democratize investment in the traditionally exclusive real estate market in mind, Auctree plans to increase the number of properties available on its platform and expand its operations in Spain. The company gets listings from large funds which aren't typically listed on regular portals.

“This capital injection will allow us to continue investing in technology and proprietary systems. Our goal is to develop a product that places the user at the heart of our proposal, bringing transparency and simplicity to a space that has historically been complex, so that anyone has the opportunity to invest in the real estate sector with returns significantly higher than those of the traditional market", said Co-founder Marc Fluvià.

The company was founded in 2021 and has 43 employees according to its Linkedin page.

Coadjute, a UK prop-tech blockchain start-up, has raised £4 million in investment funding to expand its platform across the property market.

The company's product is a transaction platform that promises easier collaboration and transparency between stakeholders and works with most existing CRM providers. Dan Salmons, Coadjute Chief Executive, said:

“Industry leaders are increasingly talking about a truly digitised property market but can’t imagine how that gets delivered. Coadjute has been investing in the technology that enables that future, everything from upfront information to smart contracts, digital identity to synchronised settlement. Customers are routinely astonished how far ahead we are – we can do what many think is still science fiction.”

Coadjute was founded as a blockchain consultancy in London in 2017 by John Reynolds, Mark Adams, and Sanj Bulsara the company moved to make a product for the property industry in 2019 and has raised £14 million to date.

French proptech startup Masteos has raised €12 million as an extension of its recently announced Series A round.

The extension money has come from French energy giant ETF via its EDF Pulse Ventures venture capital company. The funds will be used to create an energy renovation product which will be incorporated into Masteos' services.

Founded in 2019, Masteos is an end-to-end real estate transaction and management platform for investors looking to buy a rental property. The company takes care of the acquisition, furnishing and renovation of properties in its native France as well as three cities in Spain.

Thierry Vignal, President and Co-founder of Masteos said: “Since the creation of Masteos 4 years ago, we have succeeded in raising a total of 68 million euros. So far, these amounts have allowed us to strengthen the digitization of our solution, to intensify our network on French territory and to consider a development strategy on the European market.

We wanted to be even more ambitious and attack the energy renovation market, which is inseparable from the rental market. On this point, the synergies between Masteos and EDF are obvious. This new fundraising of 12 million euros and the signing of this cooperation agreement will allow us to support more landlords in their energy renovation projects, by offering a turnkey solution."

Below: Masteos MD of Europe Geoffroy Reiser presents at Property Portal Watch Madrid 2022.