Inman

Properazzi: Online real estate globe-trotting

Company name: Properazzi.

Company headquarters: Barcelona, Spain.

Contact information: By phone: (202) 470-1650 (U.S.) or +34 93 265 40 30 (international); support@properazzi.com; real estate agents who wish to list at the portal can write to: Customer Support. The CEO can be reached at Yannick Laclau.

Number of offices: 1

Web site: www.properazzi.com

Company description: Properazzi.com is an international real estate portal that displays for-rent and for-sale properties. Over 1 million home seekers use Properazzi every month. Properazzi currently holds around 4 million listings from 58 countries.

Launch date: Founded in March 2006; launched to the world in March 2007.

Current number of employees: A mixed-nationality team of 30, with expertise in software engineering, user-experience design, product development, and client service. A total of 15 languages are represented among the company’s staff.

Total funding to date, sources of funding: Properazzi is funded by Mangrove Capital Partners, which also served as seed investors in Skype.

Management team: Yannick Laclau, CEO.

Origins of the company: The very first version of Properazzi was meant to serve Spanish real estate agents marketing to British buyers. Now, Properazzi focuses on cross-border buying worldwide.

Web visitor statistics: 1.5 million unique visitors came to Properazzi in July 2008.

Who are your customers? Anyone who is searching for real estate, home or abroad — and is looking for the next family home, a luxury apartment, vacation home or investment opportunity.

Revenue model: Properazzi charges a monthly fee for displaying properties on its portal and giving real estate agents access to foreign buyers. Agents can contact Properazzi to have properties listed at the site.

Profitable yet? When: We don’t discuss our financials.

Geographic areas served: Home seekers using Properazzi.com come from about 200 countries. The properties on Properazzi.com are from Europe, North Africa, India, the United States, Mexico, Dubai and South Africa; the company is expanding into new locations.

Expansion plans and timeline: By the end of 2008, Properazzi plans to show properties from real estate agents in every major international market.

What is unique about your business model: Properazzi.com brings European and other non-U.S. buyers to U.S. agents. "There is a huge opportunity to sell to these investors right now — Properazzi.com enables real estate agents to take advantage of it," the company reports.

What’s unique or interesting about your office: Workers can see palm trees from their desks.

Unique office traditions and rituals: "Properazzi summer beach parties!" the company reports.

Employees’ favorite nearby restaurant: "The typically-1980s tapas bar nearby (which sometimes doubles as an extra meeting room.)"

Company news:
Inside the mind of Properazzi CEO
Half a million U.S. property listings go abroad
Listings searches reach across borders

Information compiled by Pooja Kumar, Inman News.

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