The online platform for housing rental reservations for medium and long-term stays, Spotahome expands operations in Italy with the additions of Florence and Bologna to its portfolio of destinations, reinforcing its presence in Italy where it has operated since 2015 in Rome and Milan. The last round of financing raised led by Seaya Ventures and Passion Capital, with which the startup of Proptech has accumulated a total investment of 25 million dollars (about 21,130 million euros) since its founding, has allowed to comply with the strategic expansion plan that established Italy as one of the key growth territories in Europe.
The startup is in the process of verifying all the properties published in both cities, a process that is carried out thanks to the unique figure in the Home-Checkers market, Spotahome personnel who personally check the status of each property and create all the audiovisual material to illustrate it on your website. The expansion in Florence and Bologna starts with a hundred homes, a figure that the company expects to multiply by two before the end of 2017. For Cosimo Resta, general manager of Spotahome for Spain and Italy, these openings “represent further evidence of how the digitization of the real estate market, for which Spotahome was born three years ago, is the presence of the sector and is playing a key role in the management of real estate property of Property Managers, as well as individual users. four of the most important cities in Italy and we hope to continue expanding our services in the country.”
Spotahome’s bid for Italy In the spring of 2015, the Spanish startup chose Italy to start its international adventure by offering houses and rooms in shared flats in the cities of Rome and Milan. The similarity with the Spanish real estate market and the great opportunity represented by digitizing the residential rental segment in Italy are two of the main reasons why the firm opted for Italy. Two years later, the balance of that decision is clearly positive and 25% of the properties available on the Spotahome platform correspond to Italian territory. The largest real estate video library in the world Spotahome’s business model focuses on the rental market residential, for medium and long-term stays. Through its website you can rent houses, rooms in shared flats and student residences, which are displayed online thanks to high definition video tours and in first-person that show all the details of the house, 360º photographs in high quality, plans of each property and information of the neighborhood.
This process is possible thanks to Home-Checker, members of the Spotahome team who visit each property to produce the audiovisual material and verify its status. The company is now the first digital video library in the real estate sector, accumulating high-quality audiovisual material from over 40,000 properties in Europe and the Middle East. The company offers additional guarantees to protect owners before a possible cancellation of a contract, against defaults, coverage of damage to the house, as well as avoiding multiple visits to homes thanks in part to its video tour and 360º high definition photos. Spotahome also offers greater facilities for tenants: customer service in nine different languages, secure bank operations through payment gateways and last-minute cancellation insurance.
The above article was written and published in Spanish and has been translated into English. Click here to read the original article.