Rentals United has raised $4.25 million to further develop its technology platform for vacation rental property managers.
The funding came from Stella EOC Capital and Howzat Partners, with existing investors also participating in the round.
The company, which was founded in 2015, specializes in channel management for short-term rentals.
According to a statement, it now has offices in Stockholm, Barcelona and Warsaw and helps more than 2,000 property managers distribute more than 250,000 listings across in excess of 60 sites.
It also counts HomeAway, Booking.com and Airbnb as among its travel website partners.
The latest funding will go towards developing its “advanced distribution and automation tools” with plans also to invest in recruitment and international expansion.
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Raymond Frojd, partner at Stella EOC, and Sascha Hausmann, partner at Howzat Partners, will join the Rentals United board.
Hausmann says: “Over the last few years we have seen substantial growth in the alternative accommodation market with modern travelers demanding more choice and flexibility.
“We therefore invest into technology providers that help facilitate ease of business and provide disruptive, reliable, easy-to-use solutions to market participants.”
James Burrows, CEO of Rentals United, adds: “This investment round will allow us to build even more tools to help property managers everywhere to improve their marketing and business performance.”
* Rentals United was a runner-up at Summit during The Phocuswright Conference 2018. Check out its pitch and follow-up interview.
PhocusWire @ Phocuswright 2018 - Rentals United pitch analysis
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