Your.Rentals, a property management software provider for short-term rentals, has landed €2.15 million through a combination of crowdfunding and private placements from angel investors. The amount raised includes €1.7 million from 200 investors through crowdfunding company Seedrs, with Your.Rentals reaching 128% of its target.
The company plans to use the funds to expand its team and “accelerate the development of its all-in-one solution for small property managers, agencies and hosts,” who often lack access to the same tools and resources as larger operators.
“We are excited to innovate with this new fundraising approach, which enables us to reach a broader range of investors and aligns with our mission of democratizing access to technology for the short-term rental industry,” Your.Rentals CEO Andrew Martyn said.
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The platform offers a full suite of tools, including property management software, channel management and guest communication to help property managers and hosts manage their properties more efficiently, according to the company.
“Our goal is to provide an all-in-one solution that is accessible and affordable for local hosts and property managers of all sizes – everything from marketing and distribution to finance and operations,” Martyn said.
Founded in 2016, Your.Rentals raised €2.8 million in 2022. The startup, headquartered in Denmark with offices in Sweden and Vietnam, serves more than 5,000 hosts and nearly 18,000 properties around the world.
“We want to back the local players to do a better job than big corporate property managers and ensure the tourism profits stay in the local communities,” Martyn said. “By building a sustainable and responsible tourism industry, we can make a positive impact on local communities and the environment.”