TurnKey Vacation Rentals (TurnKeyVR.com), an Austin, Texas-based vacation rental management startup, raised $3m in seed funding.
Backers included Silverton Partners and a group of online travel executives including Rich Barton (co-founder Expedia, Zillow, Benchmark partner), Gregg Brockway (co-founder Hotwire, TripIt, Chairish), Alexis de Belloy (HomeAway, Accel executive in residence), Rob Greyber (President Egencia), Eric Goldreyer (BedandBreakfast.com founder), Joey Levin (CEO IAC Search & Applications), Karl Peterson (co-founder Hotwire, TPG partner), Spencer Rascoff (co-founder Hotwire, CEO Zillow), Russ Sach (Expedia) and Greg Slyngstad (co-founder Expedia, VacationSpot, Kayak board). Bill Wood, the founder of Silverton Partners, is joining TurnKey’s board.
The company, which has now raised $4.8m, plans to use the new funds to launch ten new markets in ski, beach and metro locations.
Led by Executive Chairman John Banczak (HomeAway, BedandBreakfast.com, Hotwire), CEO T.J. Clark (Hotwire, IAC, CEO Limos.com) and VP of Engineering Doug Squires (HomeAway, BnB.com), TurnKey provides owners of vacation rental properties with a solution to manage the entire rental process – listing and booking the rental via the major guest sites such as HomeAway/VRBO, AirBnB and TripAdvisor; providing hotel-style rate management; handling guest support; and arranging cleaning and maintenance via mobile apps.
Launched last year, the company has almost 200 rentals in three markets (Austin, TX, Port Aransas, TX and Santa Barbara, CA).