Bewater Funds has led an investment of nearly one million euros in Okify, focusing on enhancing utility contract management in the real estate sector.
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.
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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 es
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Bewater Funds
invested in
Okify
in 2024
in a Buyout deal
Disclosed details
Transaction Size: $1M
Revenue: $1M