Angel Host has closed a seed funding round of $5.2 million for its vacation rental technology.
Investment for the startup was led by White Star Capital, with Desjardins Capital and Panache Ventures also involved.
Angel Host specializes in rental maximization technology, helping property managers and investors improve their returns.
The company says the funding will go towards developing its technology and further expansion.
Eduardo Mandri, co-founder and CEO of Angel Host, says: “Property Managers worldwide, especially those managing anywhere between 5 and 100 properties, are under tremendous pressure to deliver results in a world that is becoming more and more complex and competitive.
"Unless you employ the latest technology, have a staff of revenue managers to perform daily rate optimizations, and have a team working around the clock to answer all reservation inquiries, chances are your properties are not achieving their full potential and the big property management companies will be going after your clients.”
Angel Host claims it has seen “seven consecutive record-breaking quarters” even over the course of the pandemic.