Essential Business

Proptech Reatia grows 80% in 2021

 In News, Property, Technology

The Leiria-based startup Reatia has reported a like-for-like growth of 80% for the first half of 2021.

The company which was founded just two years ago by Portuguese entrepreneur Hugo Venâncio is a proptech that has an artificial intelligence platform for the real estate market using Big Data and Artificial Intelligence to provide market reports, meta research, leads generation and customised solutions using APIs (applications programming interface) for companies linked to housing: banks, real estate investment funds, estate agencies, among others.
In Portugal alone the company has reported a growth of 80% on H1 2020 in business turnover and number of clients/users which currently number around 10,000.
It is currently extending the €1 million investment round which it closed in October 2020 to speed its penetration into new countries just months after opening an office in Madrid.
“Spain was a huge milestone to conquer in our internationalisation strategy and we’re really pleased to have been able to do that in the first half of this year.
“This step allows us now to think about another new market which will be announced shortly. This internationalisation move represents our ambition as a global business and shows that what we’ve achieved in Portugal can be replicated in other countries,” says the proptech founder, Hugo Venâncio.


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