Badi announced a $30M Series B funding round from Goodwater Capital,Target Global, Spark Capital and Mangrove Capital.

Badi, a Barcelona, Spain-based company operating rental marketplace, announced the raising of $30M in Series B funding.

The round is being led by US-based VC Goodwater Capital, together with Target Global and returning VCs Spark Capital and Mangrove Capital.

Additionally, Tao-Tao, COO of one of the booming German tech companies GetYourGuide will be joining badi’s board which is currently formed by Alex Finkelstein from Spark Capital, a prestigious US venture firm that previously has invested in companies like Slack, Oculus, Coinbase & Twitter; Nikolas Krawinkel from Mangrove Capital Partners, one of Europe’s most successful VCs who has invested in Skype & Wix.com, Didac Lee, an outstanding Spanish entrepreneur and Carlos Pierre, CEO of badi.

The new capital will enable the company to consolidate its services in Barcelona, Madrid, London, Paris and Rome and open new markets in major European cities starting with Berlin. The investment will also be used to expand the core team up to 100%, open new offices in London and develop new extra services to make the life of landlords and tenants easier.

Badi, founded in 2015, built an end-to-end platform that connects landlords with room seekers by using AI. The brand has already hit 12 million rental requests since launch and passed one million registered users last November, up from around 700,000 in February 2018.

This new round will bring badi’s funding up to $45M.