Spotahome operates a 100% digital long‑stay rental platform that provides virtual tours (360° photos, floorplans and professional videos), online bookings without deposits and a guaranteed-rent product for owners. The company has built a portfolio of more than 150,000 properties across 28 countries and 100+ cities and employs roughly 120 people. Spotahome says it automated operations during Covid, doubled inventory and improved customer experience, which helped it return to profitability in Q3 2021 after the pandemic. At the close of 2021 the platform reported rental volume above $173M (€150M) and said it expects to at least double that figure in 2022. The company plans to use the new funding to consolidate growth in its eight main markets, pursue expansion across the 28 countries where it operates, and continue product development for owners and tenants. Spotahome operates an online platform that offers a hotel booking–like experience for renters seeking mid- to long-term accommodation. The service operates in 33 European cities and lists about 50,000 properties across Europe. It employs roughly 300 staff plus 120 freelance “homecheckers” who visit properties and create textual descriptions and video tours. For landlords the company provides tools to manage multiple properties, and it charges a fee split equally between renter and landlord (average fee under 9 percent). Founded in 2014, Spotahome has raised financing to support growth and recently purchased international student community Erasmusu. The company plans to use new funding to hire marketing and product development executives and is considering further acquisitions. Spotahome operates an online marketplace allowing users to view and book mid- to long-term accommodation, using in-person "Home checkers" to produce verified audio-visual listings. The company has built a library of more than 40,000 properties and operates in nine countries and 16 cities across Europe and the Middle East. Over the last three years Spotahome says it has generated more than €60 million in total contract value for landlords; it takes a fraction of that as revenue by charging a fee as part of collecting the first month’s rent. Founded in 2014 and headquartered in Madrid, the startup employs more than 200 people, most of whom work at its HQ. The €13.6M Series A will be used to expand in existing markets and to fund new product development aimed at digitising more of the real-estate experience, including services for tenants and landlords. The company emphasizes trust through in-person verification rather than a self-service content model to reduce risk for tenants booking properties they have not viewed. Spotahome is a platform that enables direct booking of accommodation for stays longer than one month. Founded in early 2014 by Alejandro Artacho and based in Madrid, Spain, it provides tenants with accurate property descriptions and photos so they can make informed housing decisions before arriving. For landlords it offers access to high-quality tenants who may be hard to reach due to communication and language barriers. As of the article, Spotahome had expanded to six cities across Spain and Italy. The company raised a pre-VC funding round (amount undisclosed) led by Charlotte Street Capital with participation from Gabriel Leupin and Howzat Partners. It is using the funds to expand operations and is hiring.

Total raised

$85M

Funding rounds

4

Latest round

Equity

Latest activity

Oct 2021