Rental portal SpotAHome.com announced it earned €6 million ($6.7 million U.S.) in 2018 — a 70 percent year-on-year increase. The company also posted losses of €12.6 million, largely due to the expense of growing its team.

SpotAHome founders, photo: SpotAHome

SpotAHome has offices in Madrid and London. It’s been building its executive team in recent months. Key hires include former Amazon software development director Ángel Azcárraga, ex-Uber operations director Cleo Sham, and ex-TripAdvisor VP Amanda Symonds. It’s also invested heavily in marketing and property photography, according to La Informacion.

The latter is an essential part of SpotAHome’s business, which connects renters with vetted housing. Founded by Alejandro Artacho, Bruno Bianchi, Bryan McEire, and Hugo Monteiro in 2014, it operates in leading European cities including Barcelona, Rome, Brussels, Berlin, Lisbon, and Paris.

According to its website, “The SpotAHome experience removes the need for in-person viewings, saving both tenants and landlords the time and expense. We take professional photos, design floor plans, and record high-definition videos of the property… We also write detailed descriptions of the home and the local area.”

SpotAHome continues to expand with support from major investors. It raised $40 million U.S. from American venture capital firm Kleiner, Perkins, Caufield and Byers in June. This brought its total funding to $64 million.

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