Spotahome CTO: Room for more real estate disruption, beyond rentals
Spain · Feb 14, 2019· By Amalia González
Bryan McEire, CTO and co-founder of the Spanish proptech startup, details their expansion plans this year and more, in a wide-ranging interview
Founded in 2014, Spanish proptech startup Spotahome now offers medium- and long-term rentals in 10 cities across seven European countries, moving over US$200 million worth of transactions as of end-2018. It has raised US$72 million in funding so far, including a US$40 million Series B round led by Kleiner Perkins, its first investment in Spain.
In a wide-ranging interview, the company’s CTO and co-founder Bryan McEire talks to CompassList about Spotahome’s expansion focus – including a new office in London and hiring 200 more IT engineers this year – their business model, milestones and challenges to date, and the pain of having to sell his parachute to help fund the company during its bootstrap days.
This interview was conducted in Spanish and translated by CompassList. It has been edited for length and clarity.
Spotahome started in 2014. What are your milestones to date?
We launched the website on March 4, 2014. We had been working on it for a month and we planned to launch it in early April. But we detected an opportunity to test the business with new students coming to the IE Business School at the beginning of March. So, we launched the website with a lot less functionalities.
Almost nothing worked and we only had nine properties. You could not pay online. In fact, when you clicked the “book now” button – the website was only in English at that time – you got a pop-up saying, “please send an email to email@example.com.”
Edited by Bernice Tang
At CompassList, we pride ourselves on the accuracy of our information and reporting. Please help us by letting us know of any incomplete or inaccurate information on our website. Rest assured that we will handle every piece of feedback with care.