JetBlue Technology Ventures Joins Property Manager Frontdesk's $13 Million Financing Round
Photo Credit: A short-term rental apartment with hotel-style amenities bookable in Columbus, Ohio, from Frontdesk-managed vacation rental. The company secured additional financing. Frontdesk
Skift Take
JetBlue's corporate venture capital wing has already picked some winners in the short-term rental sector. That's some progressive thinking for an airline, and Frontdesk wouldn't mind bolstering that record.
JetBlue Technology Ventures, the airline's corporate venture arm, deepened its foothold in the short-term rental sector with its participation in a $13 million financing round for Milwaukee, Wisconsin-based property manager Frontdesk.
Frontdesk, an urban-oriented property manager, plans to use the Series B financing to expand its presence in existing markets and multifamily buildings, with a goal of transitioning from managing a handful of units in a property to entire floors or buildings.
New investor Stormbreaker Ventures led the round, which brings Frontdesk’s total equity financing to date to $22 million, Frontdesk announced Tuesday. Likewise, JetBlue Technology Ventures an
