Spotahome is now present in 20 cities across 10 countries in Europe and the Middle East and has raised over USD $25 million in investments.
Spotahome, the online platform for mid- to long-term rental accommodation, handled over $4 million in residential rental transactions since its UK launch in March 2016.
Globally, the PropTech start-up has managed over $92 million in rental transactions for private landlords and property managers since its 2014 launch. The company’s fast growth has created $43.7 million in the last half of 2017 for landlords who use the platform, triple the amount generated in the last half of 2016.
Alejandro Artacho, Spotahome’s CEO and Co-founder comments: “The results from the second half of 2017 are extremely positive. Thanks to our last financing round, led by Seaya Ventures and Passion Capital, we were able to consolidate our business structure and have designed a ramp-up plan which will allow us to continue with our strategic expansion during 2018, and the continuous improvement of the user experience internationally.”
Spotahome has proved a useful ally to Property Managers who are able to maximise their investments through an agile and global platform. Many have doubled their business and have embarked on international expansion projects, taking advantage of the ease of reaching tenants via Spotahome.
Additional to this are the private landlords that have one or more residential rental properties, for whom the main advantage resides in the business model, whereby HD videos, 360º photos, detailed floor plans and extensive information about the neighbourhood replace physical visits to the property. The company offers additional guarantees to safeguard landlords against tenancy cancellations, payment defaults and property damage.
Spotahome recently launched the first multi-country mobile application for mid- to long-term housing rentals, accessible in five different languages.