Spotahome the leading digital platform for mid-to-long-term room and apartment rentals, has closed a €5 million funding round to boost its growth after achieving positive EBITDA during 2024.
The operation has attracted new investors, who join existing strategic partners, all entrepreneurs and executives with a proven track record in building and consolidating leading companies in their respective sectors.
As part of this capital injection, Spotahome has partially renewed its Board of Directors, incorporating new profiles that bring strategic vision and dynamism, complementing the Board that has supported the company for more than 11 years. In this context, Sergio Furio joins the Board, representing Actyus. Sergio Furio has extensive business experience as CEO of Creditas, the leading digital financial solutions platform in Latin America, valued at over $5 billion.
"This milestone would not have been possible without the talent, dedication, and commitment of our entire team, complemented by the strategic insight and vital support of our Board, including Passion Capital, Seaya Ventures, Kleiner Perkins, and 14W, as well as our esteemed shareholders. The addition of our new investors represents a vote of confidence in our vision and Spotahome's potential to continue growing sustainably," comments Alejandro Artacho, CEO and co-founder of Spotahome.
The funding round is supported by the robust and highly scalable operating base built by Spotahome. The company reached break-even in the second half of 2024 and maintains a year-on-year growth of 35%.
With a majority of international transactions, 85% of the rental volume managed by Spotahome—which exceeds €200 million—is generated in just eight cities, demonstrating significant potential for growth and expansion in the coming years beyond the 28 countries in which it currently operates.
"Now Spotahome's objective will be to continue working on improving the user experience for both tenants and landlords who use our platform, deepen strategic alliances, and continue to grow to consolidate our position as market leaders," concludes Alejandro Artacho, CEO and co-founder of Spotahome.
Company Funding History
Spotahome has followed a path of constant expansion and consolidation since its inception in 2014. Initially funded by "Family & Friends," the company quickly attracted the attention of renowned investors. In 2015, funds such as Passion Capital and Howzat Partners joined the project, in addition to international business angels. A year later, Seaya Ventures and Samaipata Ventures also invested in the company.
In 2017, Spotahome closed Series A of €13.7 million, led by Passion Capital and Seaya Ventures, bringing its total funding to €21.1 million. All Iron Ventures and The Venture City also joined, along with other business angels. The year 2018 marked a significant milestone with the acquisition of Erasmusu and the creation of Spotahome Group, as well as a Series B of €34 million led by Kleiner Perkins, becoming the first Spanish startup based in Spain to receive investment from a top-tier Silicon Valley venture capital fund.
After overcoming the challenges of the pandemic, Spotahome achieved profitability in the third quarter of 2021, exceeding 2019 revenues and tripling those of 2020. This momentum was reinforced by a €25 million round led by Kleiner Perkins and 14W, with the participation of Mundi Ventures and the repetition of previous investors such as Passion Capital and Seaya Ventures. In 2022, the company obtained Venture Debt led by Claret Capital Partners.
In 2024, Spotahome reached profitability in the second half of the year, exceeding €200 million in rental volume.
This new round in April 2025, of €5 million, will drive its profitable growth focused on growing its EBITDA. Over these eleven years, Spotahome has raised more than €105 million from top-tier international investors and has expanded its presence beyond the 28 countries in which it currently operates, consolidating itself as a key player in the mid-to-long-term rental market.
About Spotahome
Spotahome is the leading online platform for renting apartments and rooms for medium and long stays, covering all non-vacation rentals longer than 30 days. It is a 100% online booking platform that offers the most comprehensive catalog of apartments, studios, rooms, and student residences. Accessible to everyone, regardless of age or professional category. Spotahome's operation completely eliminates in-person visits to properties, saving time and money for both tenants and landlords. Since its inception in 2014, it has expanded to different European cities, reaching a presence in 28 countries today, with local teams leading operations at the national level in Madrid, Berlin, Lisbon, and Milan, with its main markets being Spain, Portugal, Italy, and Germany.
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