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November 21, 2006
Spain's Properazzi Got VC And Gets Some Buzz
Reading BusinessWeek today we learned that Mangrove Capital is backing Properazzi, a Spanish-based real estate listings site that just launched (in beta) earlier this month - it's a site that tries to cover Europe-wide properties for rent and for sale.
If we are not mistaken, Gil Penchina, a former eBay International exec-turned-wiki-entrepreneur- is an angel investor too, according to an interview we eyeballed on Lukasz Gadowski's Gründerszene blog. Penchina is also invested in mobile games company Boonty and local search startup Qype, two other European startups.
The BW article is worth reading because it's based on a rare interview with Mangrove Capital. As for Properazzi, it's early days to start making a judgement but it seems there's plenty of competition with local real estate listings.
Sure, there are few pan-european search sites for property, but then again how many people seek an apartment or home with a Pan European scope - local search makes sense for this application. We can only imagine a tiny niche market that would require such an online service - such as professional relocators or those wealthy enough to own multiple homes or apartments.
Read - Searching For An Encore To Skype (businessweek)
View Interview With Gil Penchina (Gründerszene)
Posted on November 21, 2006 09:47 AM | Posted to News And Updates | Permalink
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