Portuguese payments platform Unlockit has raised €1.4M in Pre-Seed funding. The capital will be used to develop the platform further, to begin offering credit intermediation and to prepare expansion plans for offices in Madrid, Dubai and São Paulo.

Founded in 2020, Unlockit is a Web3 platform for managing property transactions and was recently valued at €6M. The company aims to lower the price of transactions in Portugal and to simplify real estate transactions, -whilst reducing speculation and fraud – with its blockchain-based software.

The round was led by the Eaglestone Group, an international financial services platform, through the Group’s venture capital company, Eaglestone Capital Partners, accompanied by Portugal Ventures and also has the participation of current investors Reorganiza and Republica.

Founder Tiago Dias commented: “This is a clear sign of the potential we believe the project has, especially from our perspective as a public interest startup. The support we have received over the last few years has been the cornerstone of making this round possible, and we are very grateful to be able to continue to count on the support of all those who share our vision for the property and housing sector.”

Pedro Neto, founder and CEO of Eaglestone Capital Partners, said: “The investment in Unlockit is a major investment in innovation based on a strong team with well-defined objectives, which contributes to improving the business environment in Portugal, and with the potential for international expansion to the Middle East and South America.”