idealista Acquisition, Valuation, Funding & Investors

idealista was acquired by Cinven for $3.1B in June 2024, a 10.7x multiple on $289M of revenue.

idealista acquisition price

$3.1B

Acquired by Cinven · Jun 2024

idealista revenue at acquisition

$289M

Last twelve months · Jun 2024

idealista revenue multiple at acquisition

10.7x

EV/Revenue · Jun 2024

idealista EBITDA multiple at acquisition

29.5x

EV/EBITDA · Jun 2024

idealista Overview

About idealista

idealista is a Madrid-headquartered online real estate portal operating in Spain, Italy, and Portugal. It offers property listings for sale and rent, market analytics, neighborhood guides, and mortgage calculators. The platform serves millions of users seeking residential, commercial, and rural properties, with tools for virtual tours and price comparisons. idealista maintains localized sites tailored to each country's regulations and buyer preferences.


Founded

2000

HQ

SpainMadrid

Status

Acquired

Customer focus

B2C

Revenue model

Advertising, Subscription

Revenue

$289M (Jun 2024)

Valuation

$1.7B (Feb 2021)

idealista Acquisition

idealista was acquired by Cinven for $3.1B on 28 June 2024.

The acquisition price implies a 10.7x revenue and 29.5x EBITDA multiple on $289M of revenue.

Before the acquisition idealista had raised $514M across 2 funding rounds.

idealista acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
  • Cinven
28 Jun 2024PE buyout$3.1B10.7x29.5x

idealista Valuation

idealista is currently valued at $1.7B, based on its undisclosed-stage round in February 2021.

The $302M round was led by Apax Partners.

idealista's valuation has moved from $1.8B at its undisclosed-stage round in January 2021 to $1.7B in February 2021, across 2 priced rounds.

idealista valuation by funding round

idealista valuation by funding round
DateStageValuation
Feb 2021Undisclosed stage$1.7B
Jan 2021Undisclosed stage$1.8B

idealista Funding History

idealista has raised a total of $514M across 2 funding rounds.

idealista's first fundraising round was a $212M undisclosed-stage round in January 2021. The most recent completed round was a $302M undisclosed-stage round in February 2021.

idealista funding rounds

idealista funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2021Undisclosed stageApax Partners (lead)$302M$1.7Bidealista is a leading online real estate classifieds platform operating in Spain, Italy, and Portugal, founded in 2000 and headquartered in Madrid. It connects approximately 40,000 real estate agents with 38 million unique monthly visitors, offering services like CRM tools, data analytics, and online mortgage brokerage. In February 2021, funds managed by Apax Partners reinvested €250 million for a 17% stake alongside the management team and EQT, following EQT's acquisition of the majority stake from Apax in September 2020 for €1.3 billion. This reinvestment valued the company at €1.47 billion. The February 2021 transaction came shortly after Oakley Capital's €175 million investment for a 12% stake. Apax had originally invested in idealista in 2015, driving significant growth including over 7x revenue increase, more than 4x headcount expansion from around 300 to over 750 employees, and traffic growth exceeding 4x with a shift to mobile. The Apax X fund's minority stake from this round was later sold to Cinven in 2024, delivering a 2.1x MOIC and 24% IRR for Apax X. idealista continued to scale internationally, merging its Italian business with Casa.it around the time of Apax's reinvestment. By 2024, EQT sold its majority stake to Cinven in a €2.9 billion transaction, retaining 18%, with Apax and Oakley also selling their stakes.
Jan 2021Undisclosed stageOakley Capital (lead)$212M$1.8Bidealista is a leading online real estate classifieds platform operating in southern Europe, primarily Spain, Italy, and Portugal. In January 2021, Oakley Capital Fund IV agreed to make a minority investment of €175m alongside idealista's management team and EQT, who remained the majority shareholders post-investment. Oakley's share of the investment was approximately £43m indirectly through Fund IV, leaving the fund with about £179m in liquid resources afterward. This followed Oakley's prior experience with the sector, including the successful sale of its portfolio company Casa.it to EQT in September 2020, which was combined with idealista’s Italian operations to create synergies and strengthen market positioning. The investment built on idealista's market-leading position in Spain and Portugal, supported by favorable trends such as rising online classifieds penetration in southern Europe, shifts in real estate agents' marketing spend from offline to online, and network effects from the platform's strong brand. Prior to this, idealista was held by Apax-managed funds until September 2020, when Apax sold to EQT IX in a €1.3bn transaction; under Apax since 2015, the business had grown its web traffic 4x. The 2021 Oakley deal appeared to allow EQT to take some money off the table, though profitability of their stake sale was unclear. Later developments included Oakley selling its stake in idealista to Cinven in a transaction valuing the business at €2.9bn, with Oakley receiving proceeds of £70m (5.7% of net assets), marking a 3% increase over the December NAV when debt was refinanced. This sale highlighted a short holding period and strong demand for Iberian assets. Oakley described the partnership as successful, crediting founder Jesús Encinar for building one of Spain’s top digital businesses.

Who has invested in idealista?

2 investors have backed idealista across its funding rounds, including Apax Partners and Oakley Capital.

Lead investors include Apax Partners and Oakley Capital.


idealista Investors

Investors in idealista by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by idealista

idealista has acquired 5 companies to date.

Last acquisition by idealista was on July 1st 2025. idealista acquired Certicalia for undisclosed valuation.


Latest Acquisitions by idealista

Certicalia
Kyero
Smiling Cloud
Rentger
Description
Certicalia is a Zaragoza-headquartered platform for energy certification founded in 2012. The service connects clients with certified technicians for EPC ratings on homes and commercial buildings across Spain. Certicalia processes over 100,000 certificates annually using BIM modeling for efficiency audits compliant with Royal Decree 390/2021.
Kyero is a Barcelona-headquartered property portal listing 700,000 homes for sale and rent in Spain, Portugal, France, and Italy. Estate agents pay for premium placements reaching 5 million monthly visitors. Awarded Best International Property Portal at CNBC Real Estate Awards in 2018 and 2020, Kyero operates independently since 2006.
Smiling Cloud is a Lisbon-headquartered proptech developer creating software solutions for Portugal's real estate sector, including VR property tours, predictive pricing algorithms, and blockchain title registries. Serving agencies in Porto and Algarve, it processes data from 50,000+ listings via API integrations. Founded in 2020, the firm collaborates with Sonae Sierra for mall analytics, with recent launches of drone mapping tools for rural land assessments.
Rentger is a blockchain-based platform for long-term rental property management in Argentina. Buenos Aires-headquartered, it offers smart contracts for lease agreements, tenant screening and payment processing on Ethereum. The decentralized system handles deposits, rent collection and dispute resolution without intermediaries.
HQ CountrySpainUnited KingdomPortugalSpain
HQ City
Zaragoza
Bath
Aveiro
Madrid
Deal Date1 Jul 20255 Dec 202420 Jun 202211 Jan 2021
Valuationundisclosed$49Mundisclosedundisclosed
EV/Revenue
EV/EBITDA

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idealista Competitors

idealista competitors include listed companies like Porch Group and EverCommerce, and private ones like Loft, Entrata, HomeLight and VTS.

Public and private companies comparable to idealista
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
LoftBrazilSão PauloPrivate--$2.9B-
EntrataUnited StatesSalt Lake City, UTPrivate$200M-$4.3B21.5x
Porch GroupUnited StatesUnited StatesPublicly listed$510M$79M$1.8B4.1x
HomeLightUnited StatesPhoenix, AZPrivate$300M-$1.7B5.7x
VTSUnited StatesNew York City, NYPrivate$100M-$1.6B16.0x
EverCommerceUnited StatesUnited StatesPublicly listed$589M$128M$1.4B2.9x

idealista Public Comps

idealista is no longer listed, but its public comps include Porch Group, EverCommerce, Altus Group, Vitec Software, PEXA Group, Real Brokerage, Eleco, SmartRent, AppFolio and Bentley Systems.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Porch Group$510M$79M4.0x4.1x25.6x18.4x
EverCommerce$589M$128M3.0x2.9x13.8x9.6x
Altus Group$360M$31M3.5x3.7x40.3x14.1x
Vitec Software$370M$150M3.8x3.6x9.3x9.2x
PEXA Group$285M$100M3.5x3.4x9.8x9.4x
Real Brokerage$2B($6M)0.3x0.2x(81.0x)6.1x
Eleco$52M$9M4.6x4.5x25.8x16.8x
SmartRent$152M($56M)0.9x0.9x(2.5x)(58.5x)

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Common questions about idealista

When was idealista founded?idealista was founded in 2000.
Where is idealista headquartered?idealista is headquartered in Madrid, Spain.
Is idealista publicly listed?No, idealista was acquired by Cinven in June 2024.
Who acquired idealista?idealista was acquired by Cinven in June 2024.
How much was idealista acquired for?idealista was acquired for $3.1B in June 2024, a 10.7x revenue multiple.
What is idealista's valuation?idealista was last valued at $1.7B in its undisclosed-stage round in February 2021.
How much funding has idealista raised?idealista has raised $514M across 2 funding rounds.
What was idealista's last funding round?idealista's last funding round was a $302M undisclosed-stage round in February 2021, led by Apax Partners.
Who are idealista's investors?idealista's investors include Apax Partners and Oakley Capital.
Which companies are comparable to idealista?Companies comparable to idealista include Loft, Entrata, Porch Group, HomeLight, VTS and EverCommerce.
How many companies has idealista acquired?idealista has acquired 5 companies, including Certicalia, Kyero, Smiling Cloud, Rentger and AvaiBook.
What was the largest acquisition by idealista?The $49M acquisition of Kyero in December 2024 is the largest acquisition idealista has made to date.

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