Berlin, 23 August 2021 – Raue comprehensively advised proptech start-up Tiko Real Estate Technologies ("Tiko") on its US$65 million Series A financing round. The financing round was led by the digital tech fund and private investor network of btov Partners. Tiko's shareholder base includes other well-known venture capital investors such as Rocket Internet and business angels. The equity financing round was accompanied by a debt investor.
Tiko's innovative tech platform allows any homeowner to sell their house in a few days. This is done using a data-driven valuation algorithm. The financing round ensures Tiko's continued rapid growth. The capital raised will be used to further strengthen Tiko's data-driven valuation algorithm and to continue the international expansion beyond its home market of Spain.
Raue advised Tiko on all German law aspects of the financing round especially on all corporate issues.
About Tiko:
Tiko is a Proptech company, launched in 2018 in Spain by its founder and CEO, Sina Afra, and co-founders Ana Villanueva, Can Günay and Paco Sahuquillo. Today, Tiko is present in Madrid, Barcelona, Valencia, Bilbao, Malaga and Seville. With an ambitious expansion plan in Europe, its model is based on applying technology to the real estate sector. The key to its rapid success is its technology platform, which only needs homeowners to fill out a short form to send them a purchase offer within 24 hours.
Advisors to Tiko:
Raue, Berlin (German Law): Prof. Dr. Andreas Nelle (Partner, Lead, Corporate/M&A, PE/VC), Dr. Michael Gläsner (Counsel, Corporate/M&A, PE/VC).