Information on the Target

Okify is an innovative technology company specializing in the management of utility contracts for residential and commercial properties. The company recently attracted investment from Bewater Funds and other investors through a capital increase and a secondary sale, which collectively approached one million euros. This investment was channeled from Bewater II FCRE and Bewater Okify FCRE.

Okify’s business model is built on providing a software solution that assists real estate agencies and property managers in efficiently managing utility contracts. The firm has demonstrated strong performance, having generated over €1 million in revenue in 2024, coupled with established profitability. Customers have expressed high satisfaction with a rating of 4.8 out of 5 on Google, supported by over 800 reviews.

Industry Overview in Spain

Spain’s real estate market presents a significant opportunity for growth, particularly in the rental sector, where approximately 4.2 million homes are leased, with an average rental duration of two years. The market is serviced by around 30,000 active real estate agencies that facilitate these rentals. Each property's utility contracts, including water, electricity, internet, and insurance, typically require transitions each time a tenant changes, creating a substantial workload for agencies and property managers.

The inefficiency of current processes is notable, as utility contract management is often manual and error-prone. With frequent tenant turnover, agencies face challenges in managing these transitions smoothly, leading to missed opportunities for improved service and customer satisfaction.

Moreover, the utility management industry is vast, with a growing demand for efficient solutions that streamline services for tenants and owners alike. Technological advancements have led to an increase in software solutions addressing these issues, positioning Okify favorably in this expanding market.

The Rationale Behind the Deal

This investment in Okify is predicated on the recognition of its potential to solve a fundamental issue in a burgeoning market. The company has proven its business model, with robust revenue and user satisfaction metrics indicating that it effectively meets the needs of its clients. By leveraging technology to simplify a cumbersome process, Okify enhances operational efficiency for its users while driving profitability.

Information About the Investor

Bewater Funds is a dynamic investment firm specializing in identifying and supporting innovative companies with high growth potential. By focusing on disruptive technologies, Bewater aims to deliver substantial value not only to its investors but also to the businesses it partners with. The recent investment in Okify reflects Bewater's commitment to backing solutions that address real-world problems and foster better customer experiences.

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From an expert perspective, Bewater’s investment in Okify is a prudent decision, demonstrating confidence in the company’s potential to scale. The strong customer satisfaction rating and proven revenue generate a favorable outlook for future growth, particularly as the rental market continues to evolve.

Okify’s software addresses a significant pain point for real estate agencies and property managers, providing them with an efficient tool to manage utility contracts seamlessly. This positions the company well within a lucrative market, further supported by the substantial number of rental properties in Spain.

In conclusion, this investment could yield positive returns as Okify expands its services and captures an increasing share of the market. Given the strategic nature of the investment and the company's track record, it is likely to be considered a sound investment opportunity.

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