Relive, a Portuguese proptech platform offering tools for real estate agents in renting, buying, and selling properties, has announced a $5.5M Series A funding round. The round was led by Indico Capital Partners, with participation from Shilling and Bynd.
Relive plans to use the funding to expand its team, enhance its technology platform, and broaden its operations from Texas to include states like Florida and Colorado.
Founded in Lisbon in October 2020, Relive operates an all-digital, mobile-based platform that enables users to establish and manage their own real estate businesses, aiming for efficiency and increased commissions.
The platform provides agents with technology and a business model, similar to how Uber provides drivers with resources. In under a year, the company has onboarded over 100 active remote agents, listed over 100 properties, and completed more than 50 real estate transactions in Portugal.
Founder José Costa Rodrigues stated that Relive aims to create a modern real estate brokerage platform, providing digital tools to empower newer generations of agents.
Stephan de Moraes of Indico Capital Partners noted the importance of platforms that simplify housing searches, particularly for younger generations. He expressed support for Relive’s expansion and its contribution to innovation within the real estate industry.
