GuestReady Group, a London, UK-based short-term rental management company, raised an additional USD$6M in Series A funding.
The round, which brought total funds raised to approx. US$10M, was co-led by Abramovich-backed Impulse VC, and Dubai-based VentureSouq, with participation from Boost Heroes, Aria Group, 808 Tech Ventures and new investors Dr. Cornelius (Conny) Boersch and the European Investment Fund (EIF).
The company intends to use the funds to further invest in product development and to accelerate growth across Europe and Asia.
Led by Christian Mischler (Chairman) and Alexander Limpert (CEO), GuestReady provides services that turn vacant residential properties into listings on short-term rental platforms such as Airbnb and Booking.com, online and offline. The company allows property owners to stay compliant with local housing regulations and to deliver services to guests.
The Group, which includes GuestReady, BnbLord, and Oporto City Flats, operates in 14 cities around the world. To date, it has managed more than 2,000 properties using its in-house developed property management software solution.