Libeen, a Madrid-based startup, has secured €25M in funding to scale its smart-housing business, which allows renters to gradually secure homeownership without hefty down payments. The investment, led by Andbank, will facilitate national expansion and incorporate AI for tech-driven processes. The company's model aims to assist over 130 families with housing by possibly 2025, while pursuing an additional €100M for future growth. Founders José Manuel Cartes and Sofía Iturbe highlighted how this innovative approach builds equity for tenants and simplifies home purchasing.
"Smarthousing offers flexibility, as tenants can gradually build equity using their monthly rent while living in their homes. It simplifies the process with AI-driven approvals, making homeownership more accessible."
"With the latest capital, the company plans to help over 130 families secure housing in the coming months and projects sustained growth by the end of 2025."
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