Libeen, a Madrid-based startup focused on Smarthousing, has announced the successful closure of a €25 million funding round to accelerate its national expansion, incorporate AI-driven technology, and acquire strategic assets in Spain’s major cities.
The round was led by Andbank, through MyInvestor and Actyus (Andbank Group companies), with Cusp Capital reaffirming its commitment through a reinvestment. Notable figures such as Íñigo Juantegui (Co-founder of La Nevera Roja), Enrique Linares (Co-founder of Letgo), and Juan Velayos (Founder of JV20) have also joined the company as investors.
BlueBull acted as the exclusive financial advisor for the operation, which was structured as a combination of debt and equity.
“The homebuying market no longer meets the needs of younger generations. Only 3 out of 10 young people under the age of 35 have been able to access homeownership. Our goal is to offer solutions tailored to their reality, helping them build equity without requiring a large initial down payment. This is just the beginning—we are already working on an additional funding line of over €100 million, which will allow us to purchase more than 600 homes. We aim to create products that people love and that help them build a better future,” said José Manuel Cartes, CEO and Co-founder of Libeen.
Founded in 2019 by José Manuel Cartes González and Sofía Iturbe Cobos, Libeen looks to transform the real estate sector with its Smarthousing model, designed to make homeownership more accessible. This enables younger generations to save for homeownership through rental payments, allocating a portion of their monthly rent toward building the equity needed to purchase their home.
With this new injection of capital, the company plans to help over 130 families secure housing in the coming months and projects sustained growth by the end of 2025. “Our model has demonstrated a 100% success rate in turning renting into a stepping stone to homeownership, and with this funding, we aim to multiply our impact,” added Sofía Iturbe, COO and Co-founder of Libeen.
According to Libeen, since their founding they have enabled 100% of its clients to secure mortgages through its Smarthousing programme, achieving an average savings of over €50k and completing the process in an average of three years.
The model operates like this: Libeen purchases the property chosen by the client and establishes a Smarthousing contract. With an initial deposit from 5% and monthly payments, approximately one-third of each payment goes toward savings for the purchase. Within 3 to 7 years, clients are ready to formalise a mortgage and become homeowners.
With limited slots available for 2025, Libeen is preparing to expand its reach to new cities in Spain while strengthening its team with international talent and investing in data-driven technology.
“Libeen is not just a startup; it’s a movement redefining how people build wealth and secure their future. Thanks to the trust of our investors, we are closer than ever to revolutionizing the real estate market, making it accessible, innovative, and adapted to modern needs,” concluded the founders.
Read the orginal article: https://www.eu-startups.com/2025/02/libeen-secures-e25-million-in-funding-to-facilitate-housing-access-in-spain/
