More financial validation of the apartment rental sector with news that Germany-based 9Flats has secured a round of funding led by US venture capital firm Redpoint Ventures.
Terms of the funding package were not disclosed but the round brings the total level of investment in the business to $10 million in the six months since the business launched.
The round also included investment from eVenture Capital Partners and BV Capital.
Fronted by former-Qype and Lastminute.com executive Stephan Uhrenhacker, 9Flats has offices in Berlin and Hamburg in Germany and Valencia in Spain. The company already has 100 employees.
9Flats says it will use the financing to add senior members of staff and attract more product from across its main market of Europe.
Similar to other rental services (AirBNB, OneFineStay, WhereToSleep, Geronimo et al), 9Flats is an online marketplace for those looking to rent out apartments. It currently lists over 8,000 properties in 40 countries.