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

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
Amir Korangy, Michael Shvo and Jeff Greene
Michael Shvo and Jeff Greene talk distress, opportunities in office
Michael Shvo and Jeff Greene talk distress, opportunities in office
Terranova’s Stephen Bittel with 93 Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Ytech's Yamal Yidios with 1500 Brickell Avenue
Ytech buys historic Brickell château, plans restoration
Ytech buys historic Brickell château, plans restoration
50 and 60 Northeast Third Street and 222 and 234 Northeast First Avenue (Google Maps)
Namdar pays $41M for downtown Miami apartment towers dev site
Namdar pays $41M for downtown Miami apartment towers dev site
From left: Sotheby’s Daniel de la Vega and Reagan Jefferies with Brevard County
One Sotheby’s picks up Brevard County brokerage
One Sotheby’s picks up Brevard County brokerage
10181 US Highway 98 West and 39 Sandy Dunes Circle (LoopNet)
Florida Panhandle estate sold for $25M
Florida Panhandle estate sold for $25M
Netscape co-founder Jim Clark and 2000 South Ocean Boulevard in Manalapan (Getty, Sotheby's)
Manalapan compound poised to sell for Florida-record $175M
Manalapan compound poised to sell for Florida-record $175M
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
arrow_forward_ios

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

Loading...