The Mexican proptech Spot2 announced it raised a $4.2M seed round that was led by Streamlined Ventures. Other participants were HOF Capital, Acrew Capital, H20, and a group of angel investors. Some of these were Sebastian Kreiss of Xepelin, Alister Moreno of Clickalia, Alexis Patjane of 99minutos, and Enzo Cavalie of Startupeable.
Spot2 is a digital platform for commercial real estate that uses technology to automate the rental process from start to finish. The startup seeks to improve the user experience by digitalizing the leasing process and making rental up to 6 times faster for its customers.
The idea for a commercial real estate platform came up as the startup’s co-founders tried to open a restaurant and faced significant trouble to find a suitable commercial space. This has been for a long time a relatively informal sector with an inefficient bureaucracy and processes to close contracts.
“There is no process on how to rent a space, and when you find one, it rarely is validated or has everything in order,” adds Pablo Gadsden, co-founder of Spot2. “We saw a niche, especially with this wave of residential proptech booming, which is almost the same business model as LaHaus, but for commercial premises.”
The Mexican proptech Spot2 developed an algorithm-based technology that connects brands to available commercial spaces. The startup provides personalized services, and improved user experience, and serves 10 times more clients than a traditional broker. They accompany the client from start to finish in the rental process: the property search, identification, validation, and closing.
Spot2’s goal is to expand to several cities in Mexico and reach 100 transactions by the end of this year. Some of the startup’s clients are OXXO, Starbucks, and Farmacias YZA.
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