Zazume, the Spanish proptech company that digitalizes the entire residential rental lifecycle, has closed a €2.5 million funding round. The investment will support an ambitious growth strategy focused on acquiring residential rental property management portfolios across Spain's provincial capitals.
The round was led by UK-based fund Nordstar and Spanish venture investor GTV Capital, a leading Spanish family office that joins Zazume's shareholder base for the first time. The financing also includes the conversion of previously invested capital from Sabadell Venture Capital and several other family offices.
The proptech company has successfully reached financial break-even following an intensive period focused on operational profitability. As a result, it could continue operating without the need for additional funding. However, the company has chosen to pursue a more ambitious strategy that will allow it to expand its market share geographically without significantly diluting existing shareholders.
Currently managing 3,500 properties, Zazume expects to surpass 5,000 assets under management by the end of this year while doubling its revenue. Through this unprecedented strategy, the company aims to exceed 10,000 managed properties by 2027.
Headquartered in Barcelona, with Madrid as its primary market, Zazume combines advanced proprietary AI-powered technology with financial services. Its team brings together deep real estate expertise and strong execution capabilities. The platform delivers a secure, efficient, and profitable rental experience for both individual landlords and real estate agents.
As part of its inorganic growth strategy, more than 50% of the capital raised will be allocated to acquiring new rental management portfolios in provincial capitals across Spain.
Commenting on the round, Jeroen Merchiers, CEO and Co-Founder of Zazume, said: "We have identified a tremendous opportunity to accelerate the company's growth while helping to professionalize the sector. This capital increase allows us to position ourselves as the preferred option for small real estate agencies looking to monetize their managed property portfolios, or even simply benefit from exchanging rent-default insurance premiums."
High-Profitability Real Estate
Spain is home to nearly 60,000 small real estate agencies, 96% of which employ fewer than five people, according to the DBK Sector Observatory by INFORMA, a CESCE subsidiary and leading provider of commercial, financial, sectoral, and marketing information in Spain.
Traditional real estate agencies typically focus on property sales, which offer higher margins than rental management. They often lack the time, scale, and specialized digital tools needed to optimize rental operations. As a result, rentals remain a secondary business line for agencies operating under traditional models, leading to declining profitability in their medium- and long-term rental portfolios.
Zazume expects to complete four acquisition agreements before the end of the year to strengthen its position in Spain's key markets. These strategic partnerships will enable real estate agencies to monetize their rental assets while ensuring their clients are managed by a specialized operator such as Zazume.
In April, the company launched this strategy in Zaragoza through the acquisition of its first property portfolio, Landa Propiedades, a leading local real estate firm.
To date, Zazume has guaranteed more than €40 million in rental income for landlords. The company also covers upfront costs and provides tailored financing solutions, while simplifying the management of repairs and property renovations.
Investment Priorities
Housing in general—and rental housing in particular—remains one of society's major concerns. Zazume believes now is the time to professionalize, digitalize, and consolidate the intermediary sector by offering alternatives to the traditional model.
Approximately 50% of the new funding round will be invested in marketing and sales. The previous funding round, completed in April 2025 and totaling €2.3 million, was dedicated to enhancing the company's proprietary technology and achieving operational profitability. Nordstar also participated in that round and has been an investor in the company since its early stages.
According to Ole Ruch, Managing Partner at Nordstar: "We believe Zazume is positioned to become the leading residential rental platform in Southern Europe. The company has built strong foundations through its proprietary AI technology and has demonstrated its ability to optimize residential rental management through high-quality, value-added services."
Zazume is currently the only platform enabling real estate agencies and agents to access best-in-class technology designed to improve the landlord experience and maximize returns on rental properties. The company is positioned as a premium-quality provider, with a 4.5-star rating and more than 1,000 reviews on Trustpilot.
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