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Culmia secures €400m in a joint venture with Cross Ocean to develop residential projects in Madrid. The funding will support two new developments in Valdecarros and Alcorcón.

PRIVATEOct 16, 2026

Amount Raised

€400 Million

Round Type

Venture

Community Of MadridReal Estate

Investors

Cross Ocean

Description

Culmia has partnered with Cross Ocean to launch a €400m residential development joint venture in Madrid. Cross Ocean will hold a 90% stake, while Culmia retains 10% and manages the projects. The venture includes a 163-home development in Valdecarros and a 737-home scheme in Alcorcón. This partnership showcases Culmia’s strategy of collaborating with institutional investors on large-scale residential investments.

Company Information

Company

Culmia

Location

Community Of Madrid, Spain

About

Culmia is a Spanish real estate platform specializing in residential development and investment. The company focuses on identifying and structuring large-scale residential investment opportunities. Culmia partners with institutional investors to support the entire development lifecycle, from land development to sales. Their recent partnership with Cross Ocean marks a significant venture in the Madrid residential sector.

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Culmia raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.