TurnoverBnB Raises $4.5M in Series A Funding


TurnoverBnB, a Honolulu-based platform for Short Term Rental operators, raised $4.5M in Series A funding.

The round was led by Ret Ventures with participation from Hawaii-based accelerator Blue Startups.

This funding will provide the company with the resources to expand its reach internationally in Europe and Australia.

Founded in 2016 and led by Assaf Karmon, CEO, TurnoverBnB provides a a SaaS platform helping operators of vacation rentals source and manage cleaners for their properties. In addition to its marketplace functionality, which enables operators to hire experienced cleaners in thousands of cities around the world, the platform boasts features including auto scheduling and auto payment to streamline the management process for in-unit cleaning. In total, the user base comprises more than 20,000 short-term rental hosts.

TurnoverBnB’s activity is concentrated most in the United States and Canada, but it has a rapidly growing global presence. To facilitate its geographic expansion, the company plans to build out its professional team in the near term, adding engineers, designers, customer service representatives, community managers and marketing professionals.