M&A / FundingProptechReal EstateReal Estate Tech

Relive looks to bring Gig Economy to real estate, expand into US market

Relive, a Lisbon-based proptech startup that enables users to create and grow their own real estate business, announced raising $1.2 million (€1 million) in seed funding and its selection for the Techstars accelerator, according to Forbes Portugal.

The company, founded at the end of 2020 and incubated in the Techstars 3-month business accelerator, aims to revolutionize. The real estate market by developing a digital mobile platform that makes real estate consulting more efficient.

The seed round was led by early-stage Portuguese VC Shilling Founders Fund, with participation from Accel, Bynd, Indico Capital Partners, Portugal Ventures and strategic angel investors including Diogo Mónica from Anchorage and Pedro Bizarro from Feedzai.

Relive says it will use this funding to “empower the next generation of millennial real estate entrepreneurs.”

The platform uses a similar model to Uber, providing agents with technology and access to solutions that enable real estate business foundation and growth, according to Forbes.

The company says that an all-digital mobile platform provides the mobility and flexibility preferred by millennials and enables users to create, manage and grow their own real estate business, while becoming more efficient and earning larger commissions.

Since its founding, Relive has already grown to include over 100 active remote agents, over 100 listed properties, and has secured more than 50 real estate transactions across Portugal. The founder also said the company reached “breakeven” this year, stating Relive is in a stable financial situation moving forward.

“Real estate entrepreneurs are the key to help the end customer on the most important transaction of their lives. By empowering agents to succeed working digitally and efficiently, we can make every real estate transaction simple,” Relive co-founder and CEO José Costa Rodrigues told Tech.EU.

Relive says it joined the Techstars accelerator, one of the largest in the country with over 17,00 applicants, as a way to expand into the US market.

The fact it was the only non-American company accepted into the accelerator underscores the platform’s stateside potential. Seed participation by notable global VC Accel also highlights this.

“Relive is developing a scalable solution for a clear problem faced by a very specific customer profile. The hyper-focused short-term approach sets the foundation to execute a much bigger vision: disrupt one of the largest, most traditional industries in the world,” said Pedro Santos Vieira, managing partner at Shilling.

In other recent proptech news, Seattle-based Zuper raised a $13 million Series A for its intelligent field management service software. Realbox also launched a blockchain-based real estate tokenization platform for fractionalized property investment.

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