
Protio
Proptech startup reinventing the process of buying and selling real estate.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor investor investor investor | €0.0 | round | |
* | €1.0m Valuation: €10.0m | Seed | |
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 54 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Protio operates within the Greek PropTech sector, positioning itself as a digital platform focused on the real estate market. The company was established in 2021 by Antonios Fiorakis, who serves as the CEO. The inspiration for the company stemmed from Fiorakis's personal experience with the complexities of renovating a family property, which highlighted inefficiencies in the Greek real estate process.
The company's core business revolves around a B2B SaaS marketplace model that connects property owners and developers with accredited investors, renovation specialists, and construction firms. Protio's platform is designed to streamline project workflows, particularly for renovating and upgrading aging apartment stock with a focus on decarbonization and energy efficiency. For property owners, Protio offers services to facilitate the sale of their apartments, providing an offer within 24 hours by utilizing a proprietary algorithm to evaluate property data. For investors, the platform provides access to off-market investment apartments, with Protio managing the entire process from acquisition and renovation to finding tenants and managing the property. The company guarantees the investor's rental income for the first year and offers ongoing property management for a fee of 10% of the monthly rent thereafter.
A key service is its 'Rebuild-To-Rent' model, which addresses the housing situation by upgrading old apartments into energy-efficient homes. The platform integrates climate-focused tools and connects users with certified partners. It also features the Protio Partner App, a tool for its network of collaborators to manage opportunities and proposals in real-time. The company collaborates with designers and contractors to manage renovations, promising project delivery within approximately 70 days and providing a two-year construction guarantee.
Protio has secured significant funding to fuel its growth. A pre-seed round in July 2022 raised €2 million, led by Neogen Capital and including participation from Lars Rasmussen, the co-founder of Google Maps. This was followed by a €1 million funding round announced in May 2025, with investors such as Loggerhead Ventures and continued support from Rasmussen, among others. These funds are allocated towards enhancing the platform's technology, developing new tools, and expanding into new geographical regions.
Keywords: PropTech Greece, real estate investment platform, apartment renovation, property decarbonization, energy-efficient homes, Rebuild-To-Rent, property technology, Antonios Fiorakis, real estate marketplace, accredited investors, property management services, construction workflow, sustainable real estate, urban regeneration, Athens real estate, digital property platform, renovation financing, off-market properties, asset management, climate tech, building upgrades