Madrid -based PropiroA digital platform using AI to connect property investors with high-fence opportunities, BBVA has secured $ 2.5 million in financing from Spain to increase its spread across Spain.
Supported by EU and European Investment Funds through the EVTU program – Funds will strengthen the operational fluidity of the proporo and support its growth plans in the Spanish market. The company is now the headquarters in Spain and with the focus of most of its staff forces there, the financing has come together with the growing focus towards scaling in Europe.
Pablo GillCo-Chief Executive Officer and Co-Founder of Proparo say: “The confidence of BBVA Spark is basic for our growth strategy. This agreement strengthens our ability to scale our operations, meet increasingly demanding and to continue the real estate sector through technology.“
Although it was established in Australia in 2021, the company is now facing its resources towards Europe, where Spain has debuted as its operational and strategic center.
Occupied in four countries, proporo has helped users to buy more than 1,800 property, which the company claims that Europe, Asia and Australia have surpassed a wide market return in Australia. It currently serves more than 10,000 active users, provides a data-powered platform that analyzes the market trend and enables the selection of property for investors.
The goal of proporero is to double its business by 2025, its platform’s AI-powered property matching equipment and digital real estate investment services earn growing demand.
Miguel Angel alkaliThe head of the BBVA Spark in Spain says: “The proporo presents the kind of company we want to support BBVA Spark: digital, ambitious and with its true impact on its sector. Based on its model, data and artificial intelligence, real estate investment makes the access to the investment democratic and combine with our priority to support innovative and sustainable business models.“
However, when focusing on the spread of proporo Europe, its activities in Australia are in a significant change. According to a report on April 2025 from the Australian financial reviewThe startup was dismissed for most of its Australian team, the rest of the workers were reported to have salary to leave the salary and switch only to the commission-role. The marketing tasks were transferred to Spain, reflecting extensive changes in strategic priorities.
Anonymous sources quoted by AFR indicate that revenue in Australia has declined, persuading the company to focus on the international market.
A spokesperson of proporo indicates that the company is viewing Australia as an important market despite the restructuring. They have pointed to more than 50% of revenue in the last six months and adding more than 40 new team members as proof of the speed of the scene, and confidently shared both the team and the investor in the trajectory of the proporo to become the leading AI-driven platform for real estate investment.
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