Torch and DN Capital heads join Housfy Board of Directors

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Both investment funds will occupy a seat in the governing body, after covering part of the capital increase of 6 million euros that the propetch carried out in May this year

Housfy has closed the reform of its board of directors after the capital increase of six million euros that closed last May. The operation was led by the Torch Capital and DN Capital funds, which have now landed in this working group.

The Founder of Torch Capital, Jonathan Keidan, and the head of DN Capital, Ian Marsh, will now be seated in the highest management body of Housfy, according to the Official Gazette of the Commercial Registry (Borme).

Seaya Capital, one of the funds that also participated in the company's round, has also been on the board of directors of the Catalan technology platform for more than a year. In his case, the firm is represented by Antonio Giménez de Córdoba, one of the company's partners. In addition, the investor Javier Rubió and the Nuclio Venture company also have a chair, through its Founder, Carlos Blanco.

The company led by Albert Bosch closed the capital increase with the aim of making the leap to countries like Portugal or France during 2019. In this sense, at the end of July it announced its landing in the Portuguese country, where it began operations in the metropolitan areas from Lisbon and Porto.

Its objective is to close the year with a portfolio of 300 homes between the two main Portuguese cities, implementing a system similar to the one used in Spain, with sales commissions that are between 3% and 6% of the total transaction.

The company, which was founded in 2017 by Albert Bosch, Miquel Mora and Carlos Blanco, has already raised 9.7 million euros in three rounds of financing. According to its founders, it is a technological platform that allows the sale of a private home avoiding the intermediation commissions of the company.

In addition to Spain, where it operates mainly in the Community of Madrid and the province of Barcelona, ​​the platform is present in Portugal and Italy, with housing management in Milan, Rome, Turin, Genoa, Bologna and Florence.

Currently, Housfy manages a portfolio with 1,300 homes and performs between 120 and 130 operations per month in Spain alone, although its goal is to reach 150 operations each month at the end of the year. In this sense, it intermediates in 3% of all the sales transactions that are carried out in Madrid and 4% of those that are closed in Barcelona.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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