Tiko
Financials
Estimates*
EUR | 2017 | 2018 | 2020 | 2021 | 2023 |
---|---|---|---|---|---|
Revenues | - | <1m | 40.0m | 100m | 256m |
% growth | - | - | - | 150 % | - |
EBITDA | (<1m) | (<1m) | - | - | - |
% EBITDA margin | - | (40 %) | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$4.3m Valuation: $14.0m | Seed | ||
$4.2m | Seed | ||
€8.0m | Early VC | ||
$4.2m | Seed | ||
N/A | €5.0m Valuation: €75.0m 150.0x EV/LTM Revenues -375.0x EV/LTM EBITDA | Early VC | |
N/A | €29.0m | Debt | |
* | $65.0m | Series A | |
Total Funding | €83.6m |
Recent News about Tiko
EditTiko is a Spanish startup operating in the real estate sector, providing a unique and efficient solution for homeowners looking to sell their properties. The company's primary service is to purchase homes directly from owners, promising a quick turnaround of just seven days. This service is particularly beneficial for those who need to sell their homes quickly and without the usual stress and time consumption associated with traditional property sales.
Tiko's business model is straightforward. Homeowners share basic information about their property, and Tiko makes an offer after visiting the home. If the homeowner agrees, Tiko purchases the property, streamlining the process and removing the need for the homeowner to find a buyer. This model allows Tiko to serve a broad range of clients, including those with mortgages or inherited properties.
In addition to buying homes, Tiko also offers assistance in selling properties. They provide advice on how to cancel mortgages and clear remaining debt with the sale of the property. Their legal department guides clients through all the steps and helps with all the paperwork, making the process even more convenient for the homeowner.
Tiko operates in a competitive real estate market, but its unique selling proposition of speed, simplicity, and convenience sets it apart. The company's revenue comes from the difference between the price at which they buy the property and the price at which they sell it.
Keywords: Real Estate, Property Sales, Quick Turnaround, Home Buying, Home Selling, Mortgage Assistance, Legal Guidance, Spanish Market, Convenience, Simplicity.