12 June 2008

Migoa raises €1,000,000 for propety search

Congratulations to Gary Stewart, outspoken CEO of Migoa, the company behind Nuroa.com who crawl the web for Spanish and German property.
Migoa announced this afternoon that they have raised in excess €1,000,000 in VC funding from Higrowth Partners. Prior to this current round, Migoa had already raised over €1 million from "various business angels and government sources" including Dennis Bemmann, founder and CTO of StudiVZ, a German social network that currently has over 6 millions users and Spanish entrepreneur, Albert Armengol, founder of business social networking site, eConozco.
Migoa has also received non-recourse funding support from Spanish and Catalan agencies that support innovative start-ups.:

"migoa is without a doubt one of Spain's most promising start-ups with an exciting technology and an impressive team. That's why we have chosen it as our first investment in 2008." according to Ferran Lemus, managing director of Highgrowth Partners.
Launched in October 2007, Nuroa currently aggregates property ads in Spain and Germany and at present claims very near 1,800,000 listings. Like most vertical aggregates nuroa does not charge agents to list, and offers users the option to see all available property ads on one site. Migoa has been consistently regarded as one of Europe's most innovative companies in conferences such as Innovate Europe, Red Herring and Essential Web. The team's 18 employees hail from 11 different countries and currently work out of sunny Barcelona.

1 comments:

Gary said...

Thanks for the cool post! Keep up the good work, and thanks for mentioning me in your post on the elections. I'm always interested in getting as much feedback as possible, and if you make it to Barcelona this summer, we should definitely meet up for a drink or a meal.

Best

Gary