GuestReady Group, a globally leading short-term rental management company, has raised $6m in funding.
The firm manages more than 2,000 properties using its in-house developed property management software solution.
GuestReady Group, which includes GuestReady, BnbLord, and Oporto City Flats, operates in 14 cities around the world.
The group has made the news with a series of acquisitions, most recently BnbLord, the leading Airbnb-management company in France and Portugal.
The firm aims to help property-owners maintain their properties and helps them gain high return on guest visits.
The round was co-led by Abramovich-backed Impulse VC and Dubai-based VentureSouq. Many of the existing investors such as Boost Heroes, Aria Group, 808 Tech Ventures, increased their positions in GuestReady as part of this Series A funding round.
Dr. Cornelius (Conny) Boersch, one of Europe’s most successful Business Angels and founder of Mountain Partners, said: “Tech-enabled services for the property industry are a super hot trend right now.
“GuestReady is poised to disrupt this market as one of the fastest growing companies in the segment of short-term rental management.
“I look forward to supporting GuestReady in its mission to unlock the full potential of residential real estate.”
Christian Mischler, co-founder at GuestReady, added: “We can build on our experience in scaling operationally complex companies and apply previous learnings in our journey with GuestReady.
“We have highly capable teams in our local markets that bring the necessary local expertise into the mix so that we can move faster and stay more capital efficient than others in our industry.”
The additional funding will be used for the further development of the property management system and to fuel growth initiatives across Europe and Asia.