Funding Roundup: Buscoresi, Masteos, and Keyzy Raise €4.9M Collectively

The chequebook is out again, and it's a Europe-centric funding roundup with startups based in Spain, France and the UK respectively.

Interestingly, two of the three money-raisers crowdfunded their new bank balance.

Here's the details.

Buscoresi —€340,000

University accommodation rentals specialist Buscoresi will expand into Portugal and Italy after raising €340,000 from 19 investors.

Barcelona-based Buscoresi was only founded last year but already operates in 25 cities in Spain with 23,000 rentable units available—roughly 20% of the Spanish market.

The startup's main territories are Madrid and Barcelona, but co-founder Aitor Rodríguez is already on the record saying Buscoresi will begin to operate in Italy and Portugal in 2023 thanks to "geographical and cultural similarities".

Buscoresi plans on raising another funding round this year.

Keyzy—£3 million

UK-based "move in now, buy later" startup Keyzy has raised a substantial £3 million seed round led by Axelio Capital, Outward VC and Seed X, with existing investors including Global Founders Capital and ActivumSG Ventures also participating.

Keyzy buys properties on the behalf of would-be homeowners and then leases it to them at a fixed rent based on the value of the property at the time of purchase. Monthly payments are fixed for three to seven years, with up to 25% of the rent set aside to reduce the purchase price of the property by the customer at a later date.

Jeremy Matallah (l) and Simon Groll (r) founded Keyzy in 2021

Simon Groll (pictured), co-founder at Keyzy, said:

"This funding round allows us to accelerate home purchases and meet the surging demand from 1,000 applicants and more than 3,000 who signed up to our pre-launch waitlist.

"It’s an exciting moment in our drive to grow the platform, especially with turmoil in the mortgage market and the help to buy scheme coming to an end."

"We designed the Keyzy proposition to be as consumer-friendly as possible as the consumers get all the benefits of being a home-owner. The rent-to-own offering is simple and easy to understand, and provides a clear and sure path to buying the home at a pre-agreed price when they are ready."

Masteos—€1.59M

End-to-end real estate investment platform Masteos has raised in excess of €1.5M euros from 790 investors.

The French startup sought €1M from its crowdfunding exercise but raised €1.59M with a pre-money valuation of €154M.

Masteos' tech-enabled platform has seen it sell over 900 rental properties in France, Spain and Belgium since its foundation in 2019. The company claims to have closed an average of 129 per month for the 12 months from January 2022-23.