Caixa Empreender
Presentation
Mar 2017
2017-03-16
Home Hunting Problem
2
Huge opportunity to Home Hunting
Biggest issues in Portuguese Real Estate Market
 Lack of transparency
 Lack of service consistency provided by agencies
 Public’s perception is negative (bad service)
 Few & bad quality content marketing regarding real estate and surroundings
 High cost of service (given what you get)
2017-03-16
Home Hunting Solution
Home Hunting his a cross platform, tech
driven real estate agency
Our aim is to use technology in order to
provide maximum customer service.
3
Key features of Home Hunting
 Provides public information about service level and pricing
 Standard operational back-office & efficient business processes
 Agents do value-added tasks, back-office does support tasks
 Training programs and access to tools/technology
 Implemented technology to support most of all activity
 Strong content marketing
 Competitive pricing just below core tier agencies
Faster!
Better!
Cheaper!
2017-03-16
Home Hunting Market and Competition
Market
 Growing market
 High demand for purchase
 Tax benefits for foreingers
 Bank financing starts again
 New urban lease law
 Growing turism
 Short-term renting
Competition
 Major 4 players are franchise
networks (~60% market)
 Rest is S&M size (~20% market)
 ~20 market is no agency
 Most players aren’t evolving with
tech & online usage
4
14.2
15.6
10.4
7.7 8.3
9.5
12.5
15.0
0
2
4
6
8
10
12
14
16
18
2009 2010 2011 2012 2013 2014 2015 2016*
Real Estate Sales - Portugal (billions €)
Competition Remax ERA C21 KW
Nº stores 208 166 90 19
Nº agents 4.825 2.100 1.580 1.201
Agents/Store 23 13 18 63
Nº transactions 34.013 11.000 8.100 3.190
Total Sales* 240 M€ 70 M€ 66 M€ 21 M€
* - Estimated
2017-03-16
Home Hunting Team
5
Management team
Clara Moura
• Founder & CEO
• Quit her job and
launched Home Hunting
• 7 years experience in
online marketing
• Experience with luxury
and jewellery market
André Maia
• Co-founder
• 8 years experience has a
business & IT consultant
• Joined Home Hunting
full-time in Jan 2016
Luís Carneiro
• Equity partner
• General manager of
Fundmanager
(technology based
company that works with
real estate funds and
CRM/BPM systems)
António L. Faria
• Equity partner
• Head of Fabrica Startups
• Entrepreneur
• Broad experience in
investing and launching
startups in multiple
sectors
2017-03-16
Home Hunting Business Model
6
Seller Buyer
Real Estate Brokerage
Broker
 Commission of 4% - 5% on real estate sale
 Can vary due to level of service (exclusive Vs non-exclusive)
 Can be shared with other real estate partners
 About 50% of commission is paid to real estate agent
% comission
2017-03-16 7
Home Hunting Historic and current traction
Business Results 2016/2017
• Project launched in 2013.
• Went online in 2014 has real estate portal.
• In 2015 evolved to online real estate agency.
• 2016 was 1st full year has broker.
31,410 €
61,627 €
108,102 €
186,350 €
-
20,000 €
40,000 €
60,000 €
80,000 €
100,000 €
120,000 €
140,000 €
160,000 €
180,000 €
200,000 €
2016 Q1 2016 Q2 2016 Q3 2016 Q4
47,987 €
87,797 €
145,979 €
-
20,000 €
40,000 €
60,000 €
80,000 €
100,000 €
120,000 €
140,000 €
160,000 €
180,000 €
200,000 €
2017 Jan 2017 Fev 2017 Mar
Real Estate Sales 2016 (cumulative) Real Estate Sales 2017 (cumulative)
2017-03-16 8
Home Hunting Goals 2017
Home Hunting goals
• We assume that all of the recruitment of new agents will have results in 2nd semester
2017.
• The new listings will come from increase marketing effort and increase number of agents.
Active Comission’s
Portfolio
Sales # Agents
2016
2017
2.371.341€ 186.350€ 8
6.000.000€ 500.000€ 20
2017-03-16
Home Hunting Current Cap Table
Current ownership
• Total amount invested up to date ~ 100.000€
• We’re looking to raise 100.000€ from new partner in exchange of 10% equity
9
Player % Shares
Launch
investment
Value
Invested
Founders 60% 65.000€ -
Equity Partner 1 30% - 25.000€
Equity Partner 2 10% - 10.000€
2017-03-16 10
Home Hunting Fund-raising
We’re looking to raise 100.000€ in order to invest in:
• Technology - Mobile/app 50.000€
• In 2015, 65% of traffic was desktop and 35% was mobile/tablet
• In 2016, 35% of traffic was desktop and 65% was mobile/tablet (inversion)
• In 2017 we want to invest big in having a mobile/app solution in order to grow
customer experience and increase conversions
• Technology – Real estate promotion 10.000€
• Taking 360º tour to a new level
• Use virtual reality to promote real estate
• More video of real estate and neighbourhoods
• Marketing 30.000€
• Explore new sales channels and grow current channels
• Increase brand awareness (need to reach more people)
• Increase lead generation (for new clients)
• Team 10.000€
• Increase nr. real estate agents (end 2017 with 25).
• Reinforce training / team building (rapidly obtain top producers)
info@homehunting.pt
www.homehunting.pt
Clara Moura 962 093 747
André Maia 967 792 002

Digital Home Hunting

  • 1.
  • 2.
    2017-03-16 Home Hunting Problem 2 Hugeopportunity to Home Hunting Biggest issues in Portuguese Real Estate Market  Lack of transparency  Lack of service consistency provided by agencies  Public’s perception is negative (bad service)  Few & bad quality content marketing regarding real estate and surroundings  High cost of service (given what you get)
  • 3.
    2017-03-16 Home Hunting Solution HomeHunting his a cross platform, tech driven real estate agency Our aim is to use technology in order to provide maximum customer service. 3 Key features of Home Hunting  Provides public information about service level and pricing  Standard operational back-office & efficient business processes  Agents do value-added tasks, back-office does support tasks  Training programs and access to tools/technology  Implemented technology to support most of all activity  Strong content marketing  Competitive pricing just below core tier agencies Faster! Better! Cheaper!
  • 4.
    2017-03-16 Home Hunting Marketand Competition Market  Growing market  High demand for purchase  Tax benefits for foreingers  Bank financing starts again  New urban lease law  Growing turism  Short-term renting Competition  Major 4 players are franchise networks (~60% market)  Rest is S&M size (~20% market)  ~20 market is no agency  Most players aren’t evolving with tech & online usage 4 14.2 15.6 10.4 7.7 8.3 9.5 12.5 15.0 0 2 4 6 8 10 12 14 16 18 2009 2010 2011 2012 2013 2014 2015 2016* Real Estate Sales - Portugal (billions €) Competition Remax ERA C21 KW Nº stores 208 166 90 19 Nº agents 4.825 2.100 1.580 1.201 Agents/Store 23 13 18 63 Nº transactions 34.013 11.000 8.100 3.190 Total Sales* 240 M€ 70 M€ 66 M€ 21 M€ * - Estimated
  • 5.
    2017-03-16 Home Hunting Team 5 Managementteam Clara Moura • Founder & CEO • Quit her job and launched Home Hunting • 7 years experience in online marketing • Experience with luxury and jewellery market André Maia • Co-founder • 8 years experience has a business & IT consultant • Joined Home Hunting full-time in Jan 2016 Luís Carneiro • Equity partner • General manager of Fundmanager (technology based company that works with real estate funds and CRM/BPM systems) António L. Faria • Equity partner • Head of Fabrica Startups • Entrepreneur • Broad experience in investing and launching startups in multiple sectors
  • 6.
    2017-03-16 Home Hunting BusinessModel 6 Seller Buyer Real Estate Brokerage Broker  Commission of 4% - 5% on real estate sale  Can vary due to level of service (exclusive Vs non-exclusive)  Can be shared with other real estate partners  About 50% of commission is paid to real estate agent % comission
  • 7.
    2017-03-16 7 Home HuntingHistoric and current traction Business Results 2016/2017 • Project launched in 2013. • Went online in 2014 has real estate portal. • In 2015 evolved to online real estate agency. • 2016 was 1st full year has broker. 31,410 € 61,627 € 108,102 € 186,350 € - 20,000 € 40,000 € 60,000 € 80,000 € 100,000 € 120,000 € 140,000 € 160,000 € 180,000 € 200,000 € 2016 Q1 2016 Q2 2016 Q3 2016 Q4 47,987 € 87,797 € 145,979 € - 20,000 € 40,000 € 60,000 € 80,000 € 100,000 € 120,000 € 140,000 € 160,000 € 180,000 € 200,000 € 2017 Jan 2017 Fev 2017 Mar Real Estate Sales 2016 (cumulative) Real Estate Sales 2017 (cumulative)
  • 8.
    2017-03-16 8 Home HuntingGoals 2017 Home Hunting goals • We assume that all of the recruitment of new agents will have results in 2nd semester 2017. • The new listings will come from increase marketing effort and increase number of agents. Active Comission’s Portfolio Sales # Agents 2016 2017 2.371.341€ 186.350€ 8 6.000.000€ 500.000€ 20
  • 9.
    2017-03-16 Home Hunting CurrentCap Table Current ownership • Total amount invested up to date ~ 100.000€ • We’re looking to raise 100.000€ from new partner in exchange of 10% equity 9 Player % Shares Launch investment Value Invested Founders 60% 65.000€ - Equity Partner 1 30% - 25.000€ Equity Partner 2 10% - 10.000€
  • 10.
    2017-03-16 10 Home HuntingFund-raising We’re looking to raise 100.000€ in order to invest in: • Technology - Mobile/app 50.000€ • In 2015, 65% of traffic was desktop and 35% was mobile/tablet • In 2016, 35% of traffic was desktop and 65% was mobile/tablet (inversion) • In 2017 we want to invest big in having a mobile/app solution in order to grow customer experience and increase conversions • Technology – Real estate promotion 10.000€ • Taking 360º tour to a new level • Use virtual reality to promote real estate • More video of real estate and neighbourhoods • Marketing 30.000€ • Explore new sales channels and grow current channels • Increase brand awareness (need to reach more people) • Increase lead generation (for new clients) • Team 10.000€ • Increase nr. real estate agents (end 2017 with 25). • Reinforce training / team building (rapidly obtain top producers)
  • 11.