Spanish Startup Badi achieves Year on Year growth of 450%

PropTech Feb 08, 2020
Spanish Startup Badi achieves Year on Year growth of 450%

Badi, an AI-powered online room rental platform that allows anyone to publish, find, and securely book rooms from anywhere in the world has achieved an average Year on Year growth of 450% from 2015 – 2019.

Growing housing needs

Surpassing more than 300k room rental listings in Barcelona, London, Madrid and Berlin, and with a booking made every two minutes, the company is helping to meet growing housing needs in major cities in Europe. Since it's UK launch in 2018, Badi has logged more than 100k London listings on its platform making London the company’s fastest growing market.

Making urban life more affordable

Founded in 2015 by Alvaro Cordoba and Carlos Pierre (CEO) with the mission of making urban life more affordable and relocation more convenient. The AI-platform allows people to find and rent rooms in major cities, providing flexibility and security to both sides of the contract while using AI in the flatmate matching process.

Trust and adoption

User security and trust is core to the platforms rapid adoption rate as Badi makes the rental process seamless with features such as payment security, fraud protection for renters, as well as last-minute cancellation guarantees, direct property inspections and evaluations.

Rising cost of urban living

Badi aims to full the gap between the rising trend of urban living causing rentals soar by offering shared houses to try make city living more affordable.

US Launch

After securing more than $30 million one year ago, Badi has moved forward steadily with investment to date reaching $46.9 million, led by US and international investors including Spark Capital and Mangrove Capital. Badi has opened offices in London and Berlin over the last two years and plans a US launch later this year.

Glen Smale

Glen Smale is a full stack software engineer, entrepreneur and content editor @bundupress. When not writing about tech startups and software trends he works on software projects

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