Rental Management Firm Hostmaker Raises $5 Million: Travel Startup Funding This Week
Photo Credit: CEO Nakul Sharma, shown, said Hostmaker, a home rental management services company, had raised $5 million in venture debt. The London startup had raised a $15 million Series B round last November. Emily Sandy Photography / Hostmaker
Skift Take
Flipping property management companies may become the new house flipping — if larger startups like Hostmaker start acquiring smaller ones, as we expect they will.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
The total funding publicized this week was more than $10 million.
>>Hostmaker, a home rental management services company, has raised $5 million in venture debt.
Silicon Valley Bank led the investment in the startup, which has raised $25 million in total since its founding in 2014.
Hostmaker helps to run rentals, such as with housekeeping services, and to market them across platforms such as Airbnb and Booking.com. The company currently supports more than 1,000 homeowners in eight European cities plus Bangkok as the start of a push into Asia.
Marriott International recently announced a partnership with Hostmaker to introduce a new branded home-sharing proposition named Tribute Portfolio Homes.
The London-based startup said it would use this latest money to acquire smaller portfolio operators and to invest in its technology.
Possible acquisi
