Spitogatos.gr
Spitogatos
Oxygen Capital

Greek property listings site Spitogatos shows the way, raises €750k

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Spitogatos[Greece] Truth to be told, there aren’t many Greek startups who are lucky enough to raise Venture Capital money. While TechCrunch Europe reported back in June that a new Greek seed level fund called OpenFund had launched to try and address the problem, Greek property listings site, “Spitogatos“, has shown the way. The startup has raised €750k from Oxygen Capital, an Athens-based VC firm.

Spitogatos claims to be the largest property listing website in Greece and Cyprus with more than 125,000 unique visitors per month. The site features around 130,000 property listings (for sale and rent) in both countries. The startup also says that more than 2,500 registered real estate agencies in Greece upload their property listings to the site, meaning that the vast majority of content is provided by companies rather than private individuals.

During a recent conversation (link in Greek), Dimitris Melachroinos, Managing Director and Co-Founder of Spitogatos, revealed that the startuup had approached several Greek and International VC companies during their search for funding, which took almost 18 months.

Furthermore, Spitogatos does not intend to expand into other markets/territories for at least the next year. Although Melachroinos hasn’t ruled out doing so at a later stage. That’s not to say that Spitogatos isn’t targeting customers in other countries, however. The site already offers an International version in English under the domain HomeGreekHome.com .

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