Zazume, a Barcelona-based PropTech startup that digitises the complete residential rental lifecycle, has closed an funding spherical value €2.5 million to implement its development technique involving the acquisition of residential property administration portfolios in provincial capitals.
The spherical was led by the London-based VC agency Nordstar and Spanish enterprise GTV Capital, a Spanish household workplace making its first entry into the shareholding. The spherical additionally consists of the conversion of capital beforehand contributed by Sabadell Enterprise Capital and different household places of work. The corporate has raised a complete of €7.8 million in fundraising since its inception.
Jeroen Merchiers, CEO and co-founder of Zazume, said, “We’ve got recognized an enormous alternative to quickly drive the corporate ahead and assist professionalise the sector. This capital improve permits us to place ourselves as the best choice for small actual property businesses seeking to monetise their property administration portfolio and even simply change non-payment insurance coverage premiums.”
Zazume was based in 2021 by the previous managing director of Airbnb for EMEA Jeroen Merchiers, and Guillermo Ceballos, founding father of startups corresponding to GymForLess and Andjoy. The corporate supplies a digital platform providing complete rental administration companies for property house owners, tenants, and actual property brokers.
Key companies embody assured lease, tenant search, rental administration software program, non-payment insurance coverage, lease advances, and instruments for rental optimisation. Though the corporate is predicated in Barcelona, its major market is in Madrid. The corporate notes that it has a mannequin that integrates proprietary know-how primarily based on AI with monetary companies.
The corporate states that conventional actual property businesses sometimes prioritise shopping for and promoting attributable to their increased revenue margins in comparison with leases. Moreover, they lack the time, assets, and particular digital instruments wanted to optimise this market area of interest. This makes rental a residual market area of interest for businesses working below conventional fashions. Finally, they danger shedding the income from their long- and medium-term rental property portfolios.
Zazume expects to finalise 4 agreements earlier than the tip of the 12 months to strengthen its place within the nation’s major markets. It notes that these strategic alliances will enable actual property businesses to monetise an asset and go away their shoppers in one of the best palms of a specialist like Zazume.
In April, the PropTech initiated this strategy of forming strategic alliances by buying Landa Propiedades’ rental portfolio in Zaragoza. It has already assured greater than €40 million to its property house owners in rental earnings. It additionally assumes preliminary bills and supplies personalised financing choices to property house owners, because it facilitates the administration of repairs and renovations.
Zazume reviews that it presently manages 3,500 properties. The corporate expects to succeed in greater than 5,000 actual property property by the tip of this 12 months and to double its billing. With this distinctive technique, the proptech goals to surpass 10,000 managed properties in 2027.
It additionally emphasises that it has achieved monetary break-even after an intensive interval targeted on operational profitability. Though the corporate may preserve working with out elevating extra capital, it has chosen a extra formidable method that goals to increase its market share territorially with out diluting current shareholders.
Ole Ruch, Managing Associate of Nordstar, mentioned, “We imagine Zazume is destined to turn into the chief of residential rental in Southern Europe, establishing the foundations with proprietary AI know-how and having confirmed the optimisation of residential rental administration by its high quality companies and added worth.”
The corporate plans to allocate greater than 50% of this funding spherical to buying new property administration portfolios in provincial capitals. The remaining share of the funding spherical might be allotted to advertising and gross sales. The earlier funding spherical, carried out in April 2025 for €2.3 million, was used to improve its proprietary know-how and obtain operational profitability. In 2021, the corporate secured €2.5 million in a Seed funding spherical led by London-based Nordstar.
