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June 13, 2008
Barcelona's Migoa Real Estate Listings Raises Further €1M
We understand that the Spanish real estate market caught fire over the past few years but like the US market has fallen off a cliff. So its curious to see a real estate site for Spain (with plans for Germany) get funded. Barcelona's Migoa (site name is Nuroa) says it has raised more than €1M from Spanish VC firm, Highgrowth Partners.
This estate on the Spanish island of Mallorca is selling for 125M euros. 17 bedrooms, two pools, a helicopter pad and an ancient castle of course.
The startup celebrates its new funding round
The site allows visitors to search for Spanish and German market property listings and for sellers to list their properties for free. It makes a living via ad sales.
Founded in October 2007, Migoa had raised more than €1M from angels and the government. In addition to its real estate listings, the company has aspirations to launch further vertical search sites in the future.
A bit of friendly feedback for the Migoa team on their marketing message - "like Google but for property" just doesn't fly.
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Posted on June 13, 2008 04:59 PM | Posted to Online services | Permalink
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