TravelRent Raises $2M from Frontier Ventures

TravelRent, a Russia-based online service for short-term apartment rentals, has raised $2m from Frontier Ventures.

The company intends to use the capital to reinforce the team, develop new partnership programs and expand its marketing efforts to increase awareness of the brand and extend its number of property listings in Russia, CIS and the rest of the world to 45,000.
By 2015, it expects to attract more than 5 million registered users.

Led by CEO Stanislav Frolov, TravelRent is a social online booking service with more than 25,000 listings in 38 countries. Online booking can be made 24 hours a day, 7 days a week.



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