Seaya Ventures backs Spotahome in $16.1m expansion round

UK-based Passion Capital also provided capital in the fundraising round.

The company plans to strengthen its presence in the countries in which it already operates: Italy, Spain, France, Belgium, the UK, Ireland, Germany, Austria and the UAE.

It also intends to invest in the development of digital and technological products, and expand its workforce.

Previous funding
In January 2015, Charlotte Street Capital led a six-figure seed funding round in Spotahome. It invested alongside Howzat Partners and Gabriel Leupin.

Company
Founded in 2014 and headquartered in Madrid, Spotahome is a direct booking platform for housing, offering individually vetted apartments, as well as reviews and information about the neighbourhoods. The firm employs a staff of 200.   

People
Seaya Ventures – Beatriz González (founder, director).
Passion Capital – Stefan Glänzer (co-founder).
Spotahome – Alejandro Artacho (CEO, co-founder).

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• Topics
• Expansion
• Southern Europe
• Technology
• Spain
• Passion Capital
• Venture