Libeen, the Madrid-based startup and leader in Smarthousing, has announced the successful closure of a €25 million funding round. The round was led by Andbank, through MyInvestor and Actyus (Andbank Group companies), with Cusp Capital reaffirming its commitment through a reinvestment. Esteemed figures such as Íñigo Juantegui (co-founder of La Nevera Roja), Enrique Linares (co-founder of Letgo, Spain’s first unicorn), and Juan Velayos (founder of JV20) have also joined the company as investors.

BlueBull acted as the exclusive financial advisor for the operation, which was structured as a
combination of debt and equity. The funding will enable Libeen to accelerate its national
expansion, incorporate AI-driven technology, and acquire strategic assets in Spain's major
cities.

A revolutionary model for a new generation

Libeen is transforming the real estate sector with its innovative Smarthousing model, designed to make homeownership more accessible. This solution enables younger generations to save for homeownership through rental payments, allocating a portion of their monthly rent toward building the equity needed to purchase their home.

“The homebuying market no longer meets the needs of younger generations. Only 3 out of 10 young people under the age of 35 have been able to access homeownership. Our goal is to offer solutions tailored to their reality, helping them build equity without requiring a large initial down payment. This is just the beginning—we are already working on an additional funding line of over €100 million, which will allow us to purchase more than 600 homes. We aim to create products that people love and that help them build a better future," said José Manuel Cartes, CEO and co-founder of Libeen.

With this new injection of capital, the company plans to help over 130 families secure housing in the coming months and projects sustained growth by the end of 2025. “Our model has demonstrated a 100% success rate in turning renting into a stepping stone to homeownership, and with this funding, we aim to multiply our impact,” added Sofía Iturbe,COO co-founder of Libeen.

Numbers prove success

Since its inception, Libeen has enabled 100% of its clients to secure mortgages through its Smarthousing program, achieving an average savings of over €50,000 and completing the process in an average of three years.
The model operates simply and effectively: Libeen purchases the property chosen by the client and establishes a Smarthousing contract. With an initial deposit from 5% and monthly payments, approximately one-third of each payment goes toward savings for the purchase. Within 3 to 7 years, clients are ready to formalize a mortgage and become homeowners. 

The future of Libeen: expansion, talent, and technology 

With limited slots available for 2025, Libeen is preparing to expand its reach to new cities in Spain while strengthening its team with international talent and investing in data-driven
technology. This new phase not only consolidates its leadership in the sector but also accelerates its impact aligning with the United Nations’ Sustainable Development Goals (SDGs) improve people&s lives.

“Libeen is not just a startup; it’s a movement redefining how people build wealth and secure their future. Thanks to the trust of our investors, we are closer than ever to revolutionizing the real estate market, making it accessible, innovative, and adapted to modern needs,” concluded the founders.

About Cusp Capital

Cusp Capital is a venture capital firm focused on European software and technology. The fund invests in early-stage companies on the cusp of redefining their industries by channeling new socioeconomic and technological paradigms. The Cusp Capital team members are long-time contributors to the technology ecosystem. Over the last fifteen years, they have invested more than €600m in companies such as Zalando, Delivery Hero, Klarna, Scalable Capital, data Artisans, Personio and SoSafe.

Learn more about Cusp Capital and its current focus themes at cuspcapital.com.

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