- Why this is important: Travis Kalanick’s family office is investing in disruptive real estate ventures
- Spotahome distinguishes from Airbnb
- Other investors include Dropbox Co-Founder Houston
Travis Kalanick’s family office, 10100, invested in Spotahome, an online-booking platform for non-vacation-home rentals, according to a post on his Twitter account.
How much Kalanick invested is unclear.
Other investors in Spotahome include Drew Houston, co-founder of Dropbox, Jeremy Stoppelman, co-founder of Yelp, and Naren Shaam, founder of GoEuro, the post said.
Spotahome was founded in 2014 by Alejandro Artacho, Bruno Bianchi, Bryan McEire and Hugo Monterio.
The company raised $40 million in Series B funding led by Kleiner Perkins Caufield & Byers in June. The Madrid startup raised 13.6 million euros ($15.9 million) in Series A funding in 2017.
It is unclear whether Kalanick’s investment is part of the funding round led by Kleiner. The company declined to comment on it. Kalanick’s office couldn’t be reached.
Spotahome enables customers to view and book mid-to long-term accommodations online.
Unlike Airbnb, which looks at holiday rentals, Spotahome focuses on finding homes for 30 days or longer.
The company takes photos and posts design floor plans and high-definition videos of properties and neighborhoods, eliminating the face-to-face interactions and negotiations required to rent a house.
Spotahome has more than 600,000 monthly unique users and 40,000 properties across 36 cities, its website says.
Kalanick, founder of Uber, who resigned from the transport company last summer, announced his new family office and 10100 fund on Twitter in March.
The fund focuses on China and India, and targets investments in real estate, commerce and emerging innovations, he said at the time.
The first investment from 10100 was $150 million in City Storage Systems, a holding company that redevelops distressed real estate.
Action Item: Read more on Spotahome here https://www.spotahome.com