Raue advises Tiko on Series A financing
Berlin — Proptech start-up Tiko Real Estate Technologies (“Tiko”) has finalized a Series A financing round worth US$65 million. The funding round was led by btov Partners’ digital tech fund and private investor network. Tiko’s shareholders include other well-known venture capital investors such as Rocket Internet and business angels. The equity financing round was supplemented by the addition of a debt investor.
Tiko’s innovative technology platform allows any property owner to sell a property in just a few days. This is done using a data-driven scoring algorithm. The financing round ensures Tiko’s continued rapid growth. In addition to the continuous improvement of the valuation algorithm, the company’s international expansion beyond its home market of Spain is to be driven forward in particular.
Raue advised Tiko on all corporate aspects of the financing round under German law.
Tiko is a proptech company founded in Spain in 2018 by CEO Sina Afra, Ana Villanueva, Can Günay and Paco Sahuquillo, and is now present in Madrid, Barcelona, Valencia, Bilbao, Malaga and Seville. With its innovative technology platform, Tiko can provide property owners with a purchase offer within 24 hours and complete the sale of a property quickly, conveniently and efficiently in just a few days.
Advisor 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)
Raue is an internationally active law firm based in Berlin. She provides comprehensive advice to national and international companies and public entities on investment projects, transactions, regulatory issues and contentious disputes. For more information, visit www.raue.com.