Spanish firm backed by Uber co-founder to move from Madrid to London

Brexit hasn't hurt London's image at Spotahome, a home rental platform modeled after Uber and backed by Travis Kalanick

TRD NATIONAL /
Mar.March 17, 2019 03:00 PM

Travis Kalanick is moving one of his Spanish-based startups to London (Credit: Getty)

Spotahome, a five-year-old rental property platform backed by Uber co-founder Travis Kalanick, is relocating its headquarters from Madrid to London.

Spotahome expects to disrupt the residential rental market in Europe with its website and app, which link landlords to potential tenants and display videos and floorplans of available properties.

Spotahome founder Alejandro Artacho said Brexit – the UK’s pending exit from the European Union – has not hindered the company’s ability to attract talent to London, where it plans to hire 200 staff.

Artacho said some of some of the top executives of Spotahome already live in London, and others prefer London to Madrid.

Spotahome, which raised $40 million from investors last year, plans to open its London headquarters and introduce a new management team within a few months.

The company’s website and app for landlords and tenants are modeled after the Uber ride-hailing app.

In addition to Kalanick, the Uber co-founder, investors in Spotahome include Dropbox co-founder Drew Houston, London-based venture capital firm Passion Capital,  an unnamed Facebook executive and Kleiner Perkins, a California-based venture capital firm. [Financial Times]Mike Seemuth


Related Articles

arrow_forward_ios
Gables Town Colony apartment complex, Sue Ansel of Gables Residential

Gables Residential scores $85M loan for Boca Raton apartment complex

Gables Residential scores $85M loan for Boca Raton apartment complex
Broadstone City Center with Alliance Residential’s Bruce Ward and Nuveen CEO Jose Minaya

Nuveen pays $103M for West Palm luxury apartments

Nuveen pays $103M for West Palm luxury apartments
Edmund Ansin and the property (Credit: Google Maps)

Billionaire TV family sells Miramar property to Florida Crystals

Billionaire TV family sells Miramar property to Florida Crystals
Toscana apartments and Juan Porro of FCI Residential

Florida Crystals sells Margate rentals for $60M

Florida Crystals sells Margate rentals for $60M
2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

TIAA sells Weston warehouse for $33M
From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

Diesel family dishes on Wynwood condo project
 4601 Le Jeune Road, Jose Boschetti and Maurice Boschetti

Gables Residential sells dev site near Shops at Merrick Park

Gables Residential sells dev site near Shops at Merrick Park
Greg Pinkalla and ORA Flagler Village Apartments (Credit: Google Maps)

Fairfield Residential sells new Flagler Village apartments for $92M

Fairfield Residential sells new Flagler Village apartments for $92M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...