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SPAIN – Highgrowth backs real estate search engine

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Highgrowth Partners has invested approximately EUR 1m in real estate search engine Nuroa, thus closing its first deal of 2008 and its fourth overall transaction.

Barcelona-based Nuroa was founded in 2006 by Oriol Blasco and Gary Stewart. The company is a real estate search engine that compiles rentals and property for sale by agencies and private individuals. The company has a presence in the Spanish and German markets with databases of 1.5 million and 1 million properties respectively. It also expects to launch a French portal by the end of the year.
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