Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
AI-based property technology startup MiMove has secured EUR 450,000 (approximately SEK 5 million) in an oversubscribed investment round to support its expansion across Southern Europe. The funding, backed by a group of investors and venture accelerator Hetch, will be used to strengthen the company's sales operations, accelerate market expansion and prepare for a larger fundraising round. Founded with operations in Marbella and Sweden, MiMove uses an AI-driven property search platform to connect international homebuyers with local real estate agents. The company currently serves 260 estate agencies representing nearly 100,000 residential properties across Spain and Portugal, where demand from overseas buyers continues to grow.
AI-powered property technology company MiMove has raised EUR 450,000 (approximately SEK 5 million) in an oversubscribed investment round as it seeks to expand its presence across Southern Europe and strengthen its position in the international residential property market.
The funding, announced in the past week, was provided by a group of investors together with venture accelerator Hetch. According to the company, the proceeds will be deployed to expand its sales organisation, accelerate business growth across Southern Europe and prepare the business for a larger funding round in the future.
Headquartered in Marbella and Sweden, MiMove operates an AI-driven property search platform that focuses on connecting international buyers with residential properties marketed by local estate agencies. Rather than competing with traditional property portals that primarily target domestic homebuyers, the company has built its business around identifying overseas purchasers through its proprietary artificial intelligence-based search technology.
The company said this approach addresses a growing need among estate agencies in Spain and Portugal, where international purchasers account for an increasingly significant share of residential property transactions. According to MiMove, many local agencies face challenges in reaching overseas buyers despite their growing importance within the region's housing market.
MiMove stated that its platform currently delivers thousands of qualified buyer enquiries each month to estate agencies operating across Spain and Portugal. Since commencing operations slightly over a year ago, the company said it has signed up 260 real estate agencies, representing nearly 100,000 residential properties listed on its platform.
Daniel Hauffe, Chairman and principal shareholder of MiMove, said the company's recent growth had been supported by its ability to generate qualified international buyer leads for estate agents. He added that overseas purchasers, particularly from the United States, have become an increasingly important customer segment, often entering the market with higher purchasing budgets and shorter decision-making timelines than domestic buyers.
According to the company, the Southern European property market targeted by MiMove represents a multi-billion-euro opportunity and continues to expand at an annual rate exceeding 15 per cent, supported by rising international demand for residential properties in destinations such as Spain and Portugal.
The latest funding will enable MiMove to scale its commercial operations while broadening its geographic reach across Southern Europe. The company also intends to strengthen its platform ahead of a larger capital raise as it seeks to expand its presence within the cross-border residential property technology sector.
Advertisement
Facebook
Whatsapp
