Helsinki, Finland-based Hostaway has raised €700,000 in
funding to grow its vacation rental channel management solution.
The platform allows property managers to use a single
dashboard to manage bookings, availability and rates across all short-term
rental providers such as Airbnb, Expedia, Booking.com, VRBO, HomeAway, TripAdvisor
“Our software is
built together with our clients for our clients who want to manage their daily
activities easily and with zero hassle,” says Hostaway co-founder and CEO Marcus
“We have a solid software that gives hosts full control over
pricing and booking schedules. Managers can also message guests on any platform
directly through Hostaway.”
The system supports channel-specific rates and minimum
length of stay and is integrated with Beyond Pricing to help property managers
maximize revenue and occupancy.
“Hostaway is able to accurately and seamlessly take the
prices we send to their system and distribute them to Airbnb, Booking.com and
beyond,” says Ian McHenry, CEO and co-founder of Beyond Pricing.
Hostaway will use the funding to expand its team and add new
markets, with an office in Australia first on its list. The company currently
has offices in Helsinki, Toronto and Barcelona.
This latest round comes from private angel investors and
Business Finland, a Finnish global growth accelerator, which together have
provided a total of €1.16 million since Hostaway’s
creation in 2016.