PropHero is a Madrid-based digital platform using AI to connect property investors with high-yield opportunities. The platform analyzes market trends and optimizes property selection, serving more than 10,000 active users and helping users purchase over 1,800 properties across four countries. Founded in Australia in 2021 and now headquartered in Spain, PropHero is concentrating its resources on scaling across Europe, particularly in Spain. The company aims to double its business volume by 2025 through its AI-powered property matching tools. It secured €2.5 million in financing from BBVA Spark, supported by the EU and the European Investment Fund via InvestEU, to reinforce operational liquidity and support growth in Spain. While management cites over 50% revenue growth and the addition of more than 40 new team members in the past six months, the startup has restructured Australian operations, dismissing a majority of the Australian team and relocating marketing functions to Spain. Prophero is an Australian platform that intermediates between investors and owners of flats, using AI and data analytics to select the most profitable locations for investors. The company targets returns of roughly 7–9% on investments and has focused initial expansion in Spain (Valencia, Elche, Cartagena, Murcia and Aragón) and Australia. Since nine months after its first financing the company has grown to close about 30 transactions per month, split roughly half in Australia and half in Spain. The funds from the new round will be used to expand the technology department, consolidate its presence in Spain and Australia, and accelerate international expansion. Management has set targets to reach 100 transactions per month or €600,000 of monthly revenue by September 2023, which would imply €7.2 million in revenue for 2023. Co‑founder Pablo Gil Brusola characterized the round as market validation of a disruptive, data‑driven business that democratizes real estate wealth creation. PropHero is a digital, end-to-end property investment platform that combines proprietary data and AI with human advisers to identify investment opportunities. Its models analyze 40 million data points to screen 240 variables across 18,000 suburbs and source properties in both listed and unlisted markets. The platform pairs algorithmic insights with a national network of professionals to handle inspections, offers, financing, conveyancing, tenants and property management, and it offers educational resources and a personal property coach. Since launching less than a year ago, PropHero has helped clients buy properties in NSW and Queensland and plans to expand nationally and overseas. It charges fixed fees of $990 (incl. GST) on engagement and $9,900 (incl. GST) on settlement. The company recently closed a $1.6M seed round to accelerate product and team development, and it says its investors are currently outperforming the market for rental yield and capital gain.

Total raised

$10M

Funding rounds

3

Latest round

Equity

Latest activity

Aug 2025