PropHero Raises €2.5 Million Funding From BBVA Spark

Backed by the EU and the European Investment Fund through the InvestEU programme, the funding will boost PropHero’s liquidity and fuel its European growth plans. With its headquarters and key talent now based in Spain, the financing reflects the company’s strong commitment to scaling across the region.

Pablo Gil, Co-CEO and Co-founder of PropHero, said: “The trust of BBVA Spark has been fundamental to driving our growth strategy. This agreement strengthens our ability to scale operations, meet increasing demand and continue transforming the real estate sector through technology.”

Founded in Australia in 2021, PropHero is now focused on Europe, with Spain as its operational and strategic base.

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Active in four countries, the company has helped users acquire over 1,800 properties, reportedly outperforming market returns across Europe, Asia and Australia. Its platform serves 10,000+ users, using data-driven insights to guide investment decisions.

With rising demand for digital real estate solutions, PropHero plans to double its business volume by 2025, driven by its AI-powered property matching technology.

Miguel Ángel Alcalá, Head of BBVA Spark in Spain, said: “PropHero represents the type of company that we want to support at BBVA Spark: digital, ambitious and with a real impact on its sector. Its model, based on data and artificial intelligence, democratises access to real estate investment and aligns with our priority of backing innovative and sustainable business models.”

While PropHero sharpens its focus on European expansion, its Australian operations are undergoing major changes. As reported by The Australian Financial Review in April 2025, most of the local team has been let go, with remaining staff reportedly moved to commission-only roles. Marketing responsibilities have also shifted to Spain marking a broader realignment of the company’s strategic priorities.

Citing anonymous sources, AFR noted a decline in Australian revenue, prompting PropHero to redirect its efforts toward international markets.

Despite the restructuring, a company spokesperson said Australia remains a key market. They highlighted more than 50% revenue growth and the hiring of 40+ new team members in the last six months as signs of strong momentum, reaffirming the company's and investors’ confidence in PropHero’s growth as a leading AI-powered real estate investment platform.

About PropHero

PropHero is a digital property investment platform using AI and data to find high-return, low-risk properties. It simplifies investing with tech, expert support, and personal coaching—cutting time by 90%. Founded by investors Pablo Gil Brusola and Mickael Roger, it empowers a new generation to invest with confidence.