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Spotahome Raises USD40M & Opens its Capital up to US Fund Kleiner Perkins

Posted by: In: Real Estate 07 Jun 2018 Comments: 0 Tags: , , , , , , , , , , ,
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6 June 2018 – Eje Prime

Spotahome is seducing capital once again. Just months after raising USD 16.1 million in a financing round led by Seaya Ventures, the company has raised another USD 40 million (€34.1 million) to support its activity and has opened its capital up to the US fund Kleiner Perkins.

Existing investors, Seaya Ventures and Passion Capital, have also participated in the funding round, according to La Información. The group is going to allocate the funds obtained to expanding and consolidating its management team, as well as to the digitalisation of the links in its real estate market value chain.

“Spotahome has digitalised and scaled up a large part of the real estate rental industry in a very skilful way”, says Mood Rowghani, Partner at Kleiner Partners, in a statement. The Venture City (Cabify), All Iron Ventures and Steelhorse Capital have also participated in this latest Spotahome financing round.

In March, Spotahome announced the acquisition of Erasmusu, a Spanish community of international students that owns a transaction model for rental housing. The agreement reached between the two companies resulted in the creation of Spotahome Group, a European proptech holding company dedicated to brokering online residential rentals.

That same month, the proptech launched in the Czech Republic, Latvia, Greece and Hungary, and also extending its presence in the countries where it already operates, such as Nice, Montpellier, Lille and Córdoba. Currently, Spotahome is present in 65 countries and 450 cities, where it has a portfolio of more than 130,000 rental properties.

Original story: Eje Prime

Translation: Carmel Drake

The post Spotahome Raises USD40M & Opens its Capital up to US Fund Kleiner Perkins appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts

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