Spain’s residential rental market is attracting fresh investment as proptech company Zazume secures new funding to accelerate its expansion plans. The Barcelona-based startup has raised €2.5 million in a funding round that will help it grow its property management business and strengthen its presence across Spain.
The investment round was led by London-based venture capital firm Nordstar and Spanish family office GTV Capital. Existing investors, including Sabadell Venture Capital and other family offices, also participated in the transaction. With this latest round, Zazume has raised a total of €7.8 million since its launch in 2021.
Funding to Support Expansion Strategy
Zazume plans to use more than half of the new capital to acquire residential property management portfolios in provincial capitals across Spain. The company said the remaining funds will support its sales and marketing activities.
The strategy focuses on expanding through acquisitions while increasing the company’s market share in Spain’s fragmented rental management sector. Zazume believes there is a significant opportunity to professionalize the market through technology and specialized services.
According to the company, it has already started executing this plan. In April 2026, Zazume acquired the residential rental portfolio of Landa Propiedades in Zaragoza, marking its first portfolio acquisition under the new growth strategy.
Building a Digital Rental Platform
Founded in 2021, Zazume provides a digital platform designed to simplify the residential rental process. The company combines proprietary technology, artificial intelligence, financial services, and property management tools to support property owners and real estate agencies.
The startup was founded by Jeroen Merchiers, former Managing Director for Europe, the Middle East and Africa at Airbnb, together with entrepreneur Guillermo Ceballos. Zazume’s platform offers services such as tenant search, rental management software, guaranteed rent solutions, non-payment insurance, rent advances, and support for property repairs and renovations.
Growth Targets for 2026
The company currently manages approximately 3,500 properties across Spain. Zazume expects that figure to exceed 5,000 properties before the end of 2026. It also aims to double its revenue during the same period.
Looking further ahead, the company has set a goal of managing more than 10,000 properties by 2027.
Zazume said it recently reached financial break-even after focusing on operational profitability. Although the company stated it could continue operating without additional funding, it chose to raise capital to pursue a faster expansion strategy.
Aiming to Modernize the Rental Sector
Spain’s rental market remains highly fragmented, with many smaller real estate agencies focusing primarily on property sales rather than rental management. Zazume sees this as an opportunity to provide technology-driven solutions that improve efficiency and profitability for agencies and property owners.
By combining acquisitions with its digital platform, the company hopes to become a leading player in residential rental management while helping modernize the sector. The latest funding round gives Zazume additional resources to pursue that ambition as it expands its footprint across Spain’s growing rental market.
