Portuguese payments platform Unlockit has successfully secured €1.4M in Pre-Seed funding. This capital infusion will be directed towards further development of the platform, initiating credit intermediation services, and preparing for expansion into Madrid, Dubai, and São Paulo.
Founded in 2020, Unlockit is a Web3 platform designed to streamline property transactions using blockchain technology. Recently valued at €6M, the company aims to reduce transaction costs in Portugal and simplify real estate processes, all while minimizing speculation and fraud.
The funding round was led by Eaglestone Group through its venture capital arm, Eaglestone Capital Partners, with participation from Portugal Ventures and existing investors Reorganiza and Republica.
Tiago Dias, Founder of Unlockit, remarked, “This investment underscores the potential we see in our project, particularly as a startup with a public interest focus. The support we’ve received has been crucial in reaching this milestone, and we are thankful for the continued backing from those who share our vision for the property and housing sector.”
Pedro Neto, Founder and CEO of Eaglestone Capital Partners, added, “Investing in Unlockit represents a significant step in innovation, driven by a dedicated team with clear objectives. This contributes to improving the business landscape in Portugal and holds potential for expansion into the Middle East and South America.”
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By Proptechbuzz
By Ravi Kumar
