Backed by Kleiner Perkins, Spotahome clinches Spain’s first Silicon Valley-led funding

©Spotahome

Now in Europe’s US$500 billion home rental market, the Spanish proptech will soon expand to LatAm, the US and Asia

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Like many a well-told tale of startup success, current Spanish proptech darling Spotahome rose from days of grit and nights of sleeplessness.The startup – which includes its recently acquired student housing unit, Erasmusu – now sees over 3 million visitors a month. In just four years, the group has accumulated over 130,000 rental homes in 450 cities and 65 countries. About 85% of its visitors are clicking on real estate outside of Spain. The total business value generated was estimated to reach US$71 million in 2017. Spotahome earns average commissions of 9% on the contract rentals.That'...
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Edited by Suzanne Soh

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