Spotahome is an online booking platform for medium and long term rentals. Since its founding in 2014, it has already generated more than €60.5M from the contracts generated from landlords who rent their properties through its platform.
The Madrid-based company operates in nine different countries (Italy, Spain, France, Belgium, United Kingdom, Ireland, Germany, Austria and United Arab Emirates) and 16 cities in the EMEA region (Europe, Middle East and Africa). Spotahome is striving to become the leading company in the proptech sector, a segment that combines real estate specialisation with the latest technological advances in the fields of marketplace, virtual reality, P2P, big data, crowdfunding, IoT and property management.
Spotahome, the online home rental platform, has announced the closing of its fourth €13.6M investment round led by Passion Capital and Seaya Ventures. Since 2014 the company has already received more than €21M in funding.
With this new capital injection, the Madrid-based company aims to consolidate its presence in the countries in which it operates, develop new digital and technological products for the real estate sector and continue incorporating top-level international talent into its workforce.
Among the investment groups that have backed this Madrid-based startup over the years 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 Ventures, Apostolos Apostolakis, Charlotte Street Capital, Samos Investments and Modara Technologies. These investment giants have participated in successful projects such as Just-Eat, Booking.com, Amazon, Zendesk, Yahoo!, Ticketbis, Trivago, La Nevera Roja and Momondo.
Global real estate is getting a boost from proptech. This new business model, which has emerged from the digital revolution in the real estate sector, is attracting much of the interest of international capital.
Made up of technology-based companies specialising in real estate, the proptech sector now has 235 companies worldwide, mostly located in the US and the UK. If it continues at its current pace, global investment in proptech, which reached $$2,665M in April, is on track to reach well over $$5,000M by the end of the year.
The proptech sector in Spain is represented by groups such as Housers, Proptech.co.uk (owned by Aguirre Newman) or PropertistaThe sector is made up of companies specialising in a wide range of activities, such as listing and search services; markets and liquidity; marketing/visualisation; technology brokerage; real estate management, leasing and renting; and data, valuations and analytics. Numerous financing rounds were closed in this sector in Spain in 2017, including the following:
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