Indico Capital Partners leads $5.5 million funding round, supporting Relive’s expansion in the U.S.
Austin, Texas, USA and Lisbon, Portugal – February 14, 2025 – Relive, a proptech company specializing in tools supporting real estate agents in renting, buying, and selling properties, has just announced a new funding round of $5.5 million. The Series A investment round was led by Indico Capital Partners, with participation from Shilling and Bynd. This funding will allow Relive to strengthen its team with strategic hires, accelerate the development of its technology platform, and expand from Texas, where it started, to multiple states, including Florida, Colorado, Georgia, among others.
José Costa Rodrigues states: “Relive has always been on a mission to create the real estate brokerage platform of the future, empowering a new generation of agents – Millennials and Gen Z – with digital tools and a strong social media presence to boost their businesses. Currently, the average age of a real estate agent in the U.S. is 50 years old. It’s a different generation, with valuable experience and an extensive physical network, but far removed from the reality and needs of a new generation of digital-savvy clients, aged between 20 and 40.”
Since its launch in the U.S., the startup platform has facilitated thousands of rental transactions, supported by more than 100 real estate agents in Austin, Dallas, and Houston, who work exclusively through the company’s platform. This new investment round will enable Relive to accelerate the development of the platform’s tools and create an effective pipeline of tens of thousands of rental clients, positioning itself as the number one rental platform for Gen Z and Millennials in the USA.
Stephan de Moraes, Indico´s Managing General Partner, stated: “It is essential to keep developing a collaborative platform that simplifies housing search, especially for younger generations who search for solutions in a very different way than others. We are proud to support Relive in this crucial investment for a successful expansion, helping to drive innovation and technology in an ever-evolving industry.”
The vision for Relive’s future is to become the leading technology and sales platform in the U.S. rental market, the world’s most competitive real estate market. The company aims to compete in the medium term with major players in the property buying and selling sector, such as Compass, eXP, and Real Brokerage. Part of Relive’s technology and operations team is based in Portugal and that team is set to expand in this round.
About Relive
Relive is a tech-driven real estate brokerage platform specialized in supporting consultants to rent, buy, and sell properties. It was founded by José Costa Rodrigues, Sérgio Ferrás, and Henrique Brás. Created in Portugal in 2021, the company secured a $1 million seed round the following year and expanded to Austin, Texas, in the United States. Since then, the company has experienced rapid growth, establishing itself as a leader in the digital real estate market. Currently, Relive has more than 100 real estate consultants and has mediated thousands of rentals.
About Indico Capital Partners
Indico Capital Partners is a leading independent Venture Capital fund manager based in Portugal, investing in Southern European-related global and sustainable technology companies. Indico funds invest in deep tech, software as a service, marketplaces, artificial intelligence, the Internet of Things, fintech, cybersecurity, web3 and ocean-related companies. Indico’s range of investments goes, mostly, from Pre-Seed to Series B (250k and 10M euros) in Portuguese, Spanish and Italian-related startups. Indico is often the first investor in a startup and, given the teams’ backgrounds, works very closely with portfolio companies. Since 2019, Indico has invested 97 million euros in 50 companies, which have raised more than 2 billion euros from global investors.
About Shilling
Shilling is the venture capital arm of Draycott, a fund manager firm managing growth, buy-out, real estate and VC. Shilling is focused on supporting early-stage startups, with a strong emphasis on innovative tech companies. Based in Lisbon, Shilling invests in businesses with high growth potential, particularly in the areas of technology, digitalization, and sustainability. Since its founding, Shilling has been a strategic partner for several successful startups, providing not only funding but also guidance and continuous support to their founders. The firm predominantly invests in seed and Series A rounds, with a diversified portfolio that includes companies in software, artificial intelligence, fintech, among others.
About PPR
Indico Venture Capital Fund II – Fundo de Capital de Risco Fechado and Shilling Opportunity Fund investment in Relive is supported by Plano de Recuperação e Resiliência (“PRR”), from the Portuguese Republic and managed by Banco Português de Fomento SA, with the financial backing of the European Union under Next Generation EU.
