Santander's Mouro Capital has invested in Spanish online residential property platform Clikalia. The size of the investment was not disclosed.
The funding represents Clikalia's Series A and comes with a debt facility and the promise of a strategic relationship with Santander.
Founded in 2017, Clikalia is working to digitise the real estate sector, using big data to help slash the time it takes to sell a property. It has so far carried out more than 500 transactions in Madrid and Barcelona, with plans to expand to new cities.
The deal is the first investment in a Spanish startup for Mouro Capital, which was created in September when Santander spun out its existing Innoventures fintech venture capital unit.
Manuel Silva Martínez, general partner, Mouro Capital, says: "Clikalia is working on changing the housing status quo with a customer-centric vision, so supporting them was an easy decision for us."