Nestpick, a Berlin, Germany-based long-term rental startup, raised an additional $2m in funding.
The round, which followed up November’s Series A investment of $11m, saw the participation from Target Global and b-to-v Partners.
The company intends to use the funds to improve the customer experience in 2016.
This investment helps conclude a landmark year for the rental startup after successfully expanding to 35 cities across eight European countries and Australia.
Launched in 2014 in Rotterdam by Fabian Dudek, founder and CEO, later joined by Patricia Moubarak, nestpick connects tenants (from students to expats and young professionals) with landlords through mid to long-term contracts via a platform, a dedicated Team and a thorough verification system.
For landlords, a guarantee insurance policy promises to cover the cost of rent of an upcoming vacant period if nestpick is unable to find a suitable tenant for their verified tenants. For tenants, an assured insurance policy offers to house them for up to 30 days if the landlord that they book online does not match the description, or they cannot access.
The company recently hired Luciana Eletti as Head of Customer Experience.