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Companies like Opendoor opened the door to a new way of buying and selling properties by inserting a strong middle player who could buy houses or apartments and redevelop them at scale, and then sell them to new homeowners at a profit. Now Clikalia, another player in the so-called iBuyer space, has raised €75 million ($86 million) to take that model to markets in Europe and Latin America.

The company is primarily active in Spain and Mexico, where it currently has a run rate of 2,400 properties acquired. As a point of comparison, that is 600 up on the 1,800 run rate Clikalia disclosed only one month ago when it raised $518 million ($70 million in equity; the rest in debt) to scale the business.

SoftBank Vision Fund 2 and Fifth Wall are co-leading the round, with participation from existing investors Luxor Capital and Guillaume Pousaz. This is SoftBank’s first property tech investment in Europe, although it’s no stranger to the iBuyer model. Both it and Fifth Wall were big backers of Opendoor, one of the pioneers in the space.

Photo courtesy of Bruno Locatelli/CIFOR.