Roomorama.com, a website operating in the short-term rental accommodation space, has merged with with Lofty.com, a Europe-focused short-term rental site founded by Fabrice Grinda.
The combined company has raised $US 2.1m in seed funding. Investors include Jose Marin, PROfounders Capital L.P., Lerer Media Ventures L.P., and Thrive Capital Partners.
Led by co-founder and co-COO Jia En Teo, Roomorama offers hillside villas to houseboats to travelers and business professionals looking for alternative accommodation to hotels. It currently lists 50,000 properties in more than 3,600 locations worldwide, and aims to triple that inventory by the end of 2012.
FinSMEs
03/04/2012