// startup autopsy

ProptechCL2

Chile's second proptech startup hit by a 45% collapse in property transactions when the central bank raised rates from 3.5% to 8%

competitionSlow Death

Years-long decline before final shutdown · Fatal mistake: Chile proptech second wave: Portal Inmobiliario (Schibsted/Adevinta) had 90% market share of property listings. Chilean mortgage rates rose from 3.5% to 8%+ in 2022-2023 (BCCh rate cycle). Property transaction volumes fell 45% in 2023. Demand for proptech tools collapsed with transaction volume.

Founded	2019
Closed	2023
Country	Chile
Sector	Proptech

// the model, blind

Evaluating only ProptechCL2’s profile at its peak — without knowing the outcome — the model ranked Competition as the #1 likely cause. That’s exactly how it died.

Key Events Timeline

2019

FOUNDING

2020

FUNDING

2022

CRISIS

2023

SHUTDOWN

Full Analysis

Free · no account needed

Documented cause

ProptechCL2 built property analytics. BCCh raised rates to 8.25%. Transactions -45%. Clients fell from 80 to 22.

Lesson

“Chile proptech must build recurring revenue from property management (rental management, maintenance automation) rather than transaction-linked tools — rental revenue exists regardless of BCCh rate cycles.”

Failure anatomy

Collapse type

Slow Death

🐌 LOW

Hype cycle

None

Moat type

Technology

Fatal mistake

Chile proptech second wave: Portal Inmobiliario (Schibsted/Adevinta) had 90% market share of property listings. Chilean mortgage rates rose from 3.5% to 8%+ in 2022-2023 (BCCh rate cycle). Property transaction volumes fell 45% in 2023. Demand for proptech tools collapsed with transaction volume.