From there it was down to business, getting a permanent office in Lisbon, and wooing landlords to the site and checking properties. The Uniplaces website was then officially launched inwith an initial 50 properties in the Portuguese capital listed on the site.
Mariano, 28, says: "We picked Lisbon as our first city as it totally made sense to stay [and open headquarters here]. Thereafter they pay directly to the landlord. Since its launch, three million nights have been booked through the platform, which currently lists over 40, properties.
Revenues grew four-fold in compared to the year, but with the money being reinvested into the business Uniplaces is yet cor turn a profit. The company, which now has employees, has also continued to attract the attention of investors.
The capital has been used to fund expansion, build brand awareness, fine-tune the product, and appoint extra staff. Initially they were too ambitious and tried to expand too morr.
Miguel, 27, says: "We wanted to be a global start-up so we quickly launched in 70 cities. But then you start compromising. Miguel adds: "Investors wantbut then you realise you need to focus and deliver a good experience for the customer and make sure landlords' properties mode getting filled up.
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