Spotahome Fires Two Managers and Relocates Again Amid Pre-Investment Restructuring

September 12, 2022
Share this Post: 

The Madrid-based short and medium-term rentals marketplace company Spothaome is undergoing a restructuring and has let go two of its management team.

The news was first reported by local business publication EjePrime which claims to have spoken to sources within Spotahome confirming the news.

The two employees to leave the company are Luis Verdeja who was the Country Manager for Spain, France and Belgium and Juan Landróguez who was Head of Expansion. Both Verdeja and Landróguez held their respective positions at Spotahome for around 12 months

The departures are said to be part of a wider restructuring process centred around the company's upcoming yearly results presentation. Spotahome's belt-tightening is also said to include a change of headquarters. The company announced a move to new offices in June 2021 but has recently moved again to a co-working space that better suits its work-from-home policy.

Founded in 2014 by Alejandro Artacho, Hugo Monteiro, Bruno Bianchi and Bryan McEire, Spotahome has raised $92.9 million in funding from investors such as Kleiner Perkins according to Crunchbase. The company's latest Venture Round led by 14W came in October and raised $25 million. Spotahome is planning to raise a further round this year to consolidate in the markets it is present in and expand further across Europe.

Spotahome runs a marketplace offering end-to-end remote renting in 84 cities across Europe and the Middle East. The company runs a performance-based model and charges both the tenant and the landlord in the transaction.

Watch: Simon Baker interviews Spotahome Head of Operations, Eduardo Garbayo at Property Portal Watch 2019

The company saw its business model suffer greatly during the worst of the Covid-19 pandemic and was forced to cut 80% of all costs in June 2020. After weathering the worst of the pandemic and re-expanding across much of Europe in 2021, Spotahome CEO Alejandro Artacho then went on to proclaim that his company was profitable for the first time in 2021.

September 12, 2022
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Shutterstock 147091049
Housing.com To Hire 200 People In Market Leadership Push

Housing.com will hire up to 200 staff in fiscal year 2023 as it aims to establish itself as India's leading...

Read More
Propertyguru For Business Skyline Singapore
'Guided by Guru' - PropertyGuru Outlines New Brand Positioning

The Southeast Asian real estate portal operator PropertyGuru has announced a 'brand repositioning' and has introduced a new umbrella brand...

Read More
Shutterstock 1958725735
Spotahome Tells Staff That It Expects Another Round of Layoffs

Madrid-based on-demand rentals specialist Spotahome has announced it will go through another round of layoffs, weeks after firing two senior...

Read More
Homely And Ptg Skyline
Aussie Portal Homely Integrates with Proptech Group's VaultRE and Eagle CRMs

Australian challenger portal Homely.com.au says it will be easier than ever for agents to list in more places after announcing...

Read More

Editor's Pick