We were delighted to have been introduced to Marc Fluvia (CEO) and Mike Cooper (CTO) of Auctree via existing portfolio founder, James Nightingale. Following an exciting and streamlined process, we partnered with Mike & Marc and were chosen to lead their recent pre-seed round. We sat down with both co-founders to discuss why and how they’re building Europe's leading distressed real estate marketplace.
Marc: Barcelona, Spain.
Mike: Bristol, UK.
We're both based here in London, but we do also have a Barcelona office - soon to open a Madrid one too!
Marc: Yes, spend 1.5 yrs building twins app (https://www.twins-app.com/). My very first venture was a travel company helping last year High School students from the UK organise their easter holidays in Spain.
Mike: Yes, twice, with varying degrees of success.
Auctree is a property marketplace which enables homeowners and investors to sell foreclosed, dated, or damaged homes; and allows property investors to buy and fix them up.
We saw the inefficiencies around judicial auctions when working for one of our existing clients. After 3 years, we understood the industry well enough to start this business and jumped on the opportunity as the pandemic hit.
It’s a very relationship oriented industry, and sometimes it’s not just about having a superior product but also about being able to project credibility among key players.
Allow more people to access the property ladder by offering the most affordable properties than one can find.
Because we are building barriers to entry at a rate that incumbents can not keep up with.
We're hiring for a lot of roles to be honest:
You can see all our vacancies here: https://auctree.notion.site/About-Us-80e2a3703d6c4c2d8814813b9e1bb711
Because of their team.
From the very beginning we felt that Olly and Reece would not only be capital partners but also people who would support us in our journey building this business by providing advice, valuable introductions and help in many other forms. After having partnered with them for a few months, we are thrilled to know that we were absolutely right.