Spotahome, the online platform for accommodation rent als for mid -‐ to long -‐ term stays, has added $16.1 million to a Series A investment round , bringing its accumulated capital raised to $25 million since the company’s founding in 2014 . The rounds have been led by Passion Capital and Seaya Ventures. Other investors who either joined this round or inve sted through other rounds in 2015 and 2016 are HOWZAT Partners, Samaipata Ventures, Arthur Kosten, Nordic Makers (Klaus Nyengaard, Alexander Aghassipour, Thorvald Stigsen, Hampus Jakobsson), Jon Uriarte and Ander Michelena, Gate 93 Ventures , Mexico Venture s, Apostolos Apostolakis, Gura Investments, Charlotte Street Capital, Samos Investments, Modara Technologies, Mark Zaleski as advisor and others are the investors, who have put their trust in the disruptive business and between them previously contributed to the successes of other companies such as Just -‐ Eat, Booking.com, Amazon, Zendesk, Yahoo!, Ticketbis, Trivago and Momondo.
Alejandro Artacho, CEO and co -‐ founder of Spotahome stated “It is really inspiring to see all our previous investors from 2015 and 2 016 following on in each new round. And for us, it is a great honour to have on -‐ board Seaya Ventures and Passion Capital as our leading investors, and specially Beatriz González and Stefan Glänzer as Spotahome’ s Directors.”
In the space of only three years and as of the end of last month (end -‐ September) , Spotahome has generated more than $71.1 million in total contract value for landlords, homeowners and property managers who have entrusted their rental properties to the company . With the company currently in a growth -‐ stage with its revenue multiplying by four year -‐ on -‐ year, this latest capital raise will allow Spotahome to achieve several goals. Firstly, Spotahome will consolidate its presence in countries where it alread y operates, both to strengthen and extend its reach in each of those markets. Additionally, the company will invest in the continued development of digital and technical products to digitalise services in the value chain of real estate, which will improve the experience for both tenants and landlords. Finally, the company will continue hiring first -‐ class international talent as it reinvents the real estate sector by making it more transparent a simple.
Beatriz González, Founder and Director of Seaya Vent ures , stated "We are very excited to continue to support Spotahome in their goal to become the number one global long -‐ term rental digital platform. The founders have done a terrific job and we are very honoured to lead this investment along with Passion Ca pital." In addition, Stefan Glänzer, Co -‐ founder of Passion Capital, said “It's hard to be not blown away by the energy and capability of the Spotahome founders, making mid -‐ term renting a pleasant experience.”
Alejandro Artacho, CEO and c o -‐ founder of Spota home , said "This round is a significant boost that will allow us to continue our revolution of real estate. This sector has always had the scourge of being too traditional and not very innovative. At Spotahome, we are working hard to change this. Our mission is to reinvent Real Estate making it transparent, instant and exciting, loved at last.
The world’s largest real estate video library Spotahome’s business model focuses on the residential rental market, for mid to long -‐ term stays. Through its si mple website one can rent houses, rooms in shared apartments and student halls that can be view ed online thanks to HD first person video tours that shows details of the house, 360º high quality photographs and floor plans of each property, trustworthy descriptions and information about the neighbourhood . This process is possible due to the work of the "Home checkers" , members of the Spotahome team who visit every property to develop all the audio -‐ visual material and verify the listing . This differentia ting attribute is what has made Spotahome the first digital video library in the real estate sector, accumulating high quality audio -‐ visual material for more than 40,000 properties in Europe and the Middle East.
Founded in 2014 by Alejandro Artacho (CEO), Bryan McEire (CTO), Bruno Bianchi (COO), and Hugo Monteir o (VP of Engineering), users from more than 185 different nationalities have booked more than 3 million nights of rental accommodation via the Spotahome website since then, backing the company's business model that is firmly committed to removing the need for physical property viewings.
Benefits and guarantees for landlords and tenants
The company offers additional guarantees to safeguard landlords in case of eventual contract cancellation, guarantee against payment default and coverage of home damages, but also to avoid multiple home visits thanks to its video tour system through high -‐ definition videos and 360º. Spotahome also offers big benefits t o tenants : C ustomer service in 9 different languages, secured bank transactions through payment gateways and last -‐ minute cancellation insurance.
Spotahome is deemed to be the perfect partner by property managers as well as other real estate participants , thanks to its transactional business model and how it applies big data by advising new real estate investors, providing profitability figures per region or city area, customer trends and much more.
Team and human talent In only three years
Spotahome alrea dy employs around 200 people of 30 different nationalities at its headquarters in Madrid, and additionally the company collaborates with more than 100 freelancers as “ Home -‐ checker s ” across the different countries where the company is operating.
About Sportahome
Created in 2014, Spotahome is a Spanish startup that offers a disruptive model aiming to revolutionise real estate worldwide. Its marketplace offers the most complete listings of apartments, rooms, studios and student residen ces for residential r enting of more than 30 days through an online booking platform, with no visits, which allows tenants and property owners to sav e time and money. The Spotahome team is itself responsible for visiting and personally checking the properties listed by the comp any. It take s photos, record s high -‐ definition videos of the property and neighbourhood, create s detailed floor plans and write s trustworthy descriptions. The company currently operates in 16 cities in nine different countries, with around 200 employees of 30 different nationalities and 40,000 listed properties accessed by over 600,000 users per month on its website. See Spotahome.com
cloud technology axon
Bullnet Capital has led an investment round in Mapsi Photonics, dedica...
