New player in the Spanish real estate market. The proptech German Evernest lands in Madrid in what will be his first office outside the local market. The company aims first as the main growth lever in the Madrid market. Everest sets ambitious medium-term goals, which are successful reach twenty million euros in turnover in Madrid in 2026as explained by Óscar Larrea, director of the company in Spain, to Eje Prime.
Everest uses a Software which allows real estate agents, through a digital platform, to use various tools related to real estate valuation, market research, CRM management with clients o sending residential asset dossiers to major search engines.
“We want to become the leading real estate agency in Madrid in two yearsWe will bet a lot on investing in marketing and building a powerful team, ”says Larrea, who highlights his platform and the commissions perceived by his real estate agents as an added value for the company.
Larrea has more than twenty years of experience in the real estate sector and has held positions in companies such as John Taylor, in Madrid, or Engel & Völkers, where he was sales director and then general manager of the Madrid market.
“We have a very complete platform, developed by our designers; What’s more, we pay the highest commission on the market to our agents”, Larrea emphasizes.
Evernest plans to reach Barcelona in 2023 and Valencia, Marbella, Malaga, Bilbao, San Sebastián and the Balearic Islands in 2024
Evernest sets a revenue target for 2023 of two million euros at its headquarters in Madrid, a figure it wants to raise to five million euros in 2024 and promote up to twenty million euros in 2026.
The company, which will allocate two million euros to advertising and marketing until the end of 2023, has opened its first office in Spain on the Paseo de la Castellana in Madrid and plans to arrive in Barcelona in 2023 and in Valencia, Marbella, Malaga, Bilbao, San Sebastián and the Balearic Islands in 2024.
“We want to replicate Evernest’s growth strategy in Germany, which began with its Hamburg headquarters and rapidly expanded to Berlin, Düsseldorf, Cologne and Frankfurt,” says Larrea.
Evernest will close 2022 with a workforce of fifteen people in Spain and a team of up to forty real estate agents. Everest wants to expand the sales team to 150 agents by the end of 2023.
To undertake its international expansion strategy, the proptech at the beginning of the year, it closed a financing round of thirteen million eurosco-led by the New York Prudence fund and the Spanish fund Kibo Ventures and Bonsai Partners, as well as by former investors of the Evernest Project A Ventures and APIC.
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