Kleiner Perkins leads $40m series-B for Spotahome

Several of the company's existing shareholders, including Passion Capital and Seaya Ventures, also took part in the investment, alongside newcomers such as All Iron Ventures, Steelhorse Capital and The Venture City.

The company will use the fresh capital to improve its product offering, bolster its market consolidation and grow its executive team in order to support the its expansion into new markets.

Previous funding
Charlotte Street Capital led a six-figure seed funding round in Spotahome in January 2015, investing alongside Howzat Partners and Gabriel Leupin. Spanish venture capital firm Seaya led a $16.1m expansion round for Spotahome in October 2017, alongside UK-based Passion Capital, which also provided capital in the fundraising round.

Company
Founded in 2014 and based in Madrid, Spotahome offers a digital marketplace for residential renting by providing a direct booking platform as well as reviews and information about the neighbourhoods. The company has a portfolio of 130,000 properties spread across 450 cities in 65 countries, employs around 200 staff and has three million monthly users.

People
Spotahome – Alejandro Artacho (CEO, co-founder).
Kleiner Perkins – Mood Rowghani (general partner).

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• Topics
• Expansion
• Southern Europe
• Technology
• Kleiner Perkins Caufield & Byers
• Venture
• Spain