BBVA Spark provides €2.5 million in financing for PropHero's expansion in Spain
Proptech company PropHero has secured financing from BBVA Spark to drive its growth in the Spanish real estate market, where it plans to double its business volume by year-end 2025.
BBVA Spark has extended €2.5 million in financing to PropHero, a digital real estate investment platform, to bolster its liquidity and fuel expansion in Spain, where it recently relocated its headquarters. The transaction is backed by the EU and the European Investment Fund under the InvestEU programme.
PropHero, founded in Australia, operates in four countries and is recognized for innovation in proptech. With over 10,000 active users, the firm aims to more than double its business by 2025 as it scales its technology amid rising demand for digital investment services.
“PropHero exemplifies the kind of digital, ambitious company BBVA Spark aims to back, as it can have a real impact on the sector,” said Miguel Ángel Alcalá, the bank’s head in Spain, citing the firm’s data-driven, AI-powered approach to democratizing real estate investment.
PropHero co-CEO and co-founder Pablo Gil called BBVA Spark’s support “fundamental” for scaling operations and meeting demand, as the company pushes ahead with its tech-driven transformation of the real estate sector.
The deal underscores BBVA Spark’s strategy of backing high-growth, scalable tech firms with global ambitions. Launched in 2022, the unit offers financing bespoke to a startup’s lifecycle, ranging from basic banking services (collections, payments, payroll, cards) to structured finance such as venture debt and asset-backed lending for more advanced or VC-backed companies.