Vacation rental technology specialist Arbio has raised $36 million in a Series A round.
The investment in the Germany-based company was led by Eurazeo, while OpenOcean, Atlantic Labs and a number of angels including GetYourGuide’s Johannes Reck and Tao Tao also participated. Arbio has raised more than $45 million in funding.
The investment will be put towards acquisitions, further artificial intelligence (AI) capabilities and expansion to new markets in Europe.
Arbio said its AI-native operating system is a full-stack property manager that automates distribution, accounting, operations, guest communications and dynamic pricing.
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The company also said it currently has more than 1,000 properties under management in Germany and Austria, has made more than 30 acquisitions and increased revenue tenfold in the past two years.
“Starting as operators ourselves, we’ve felt where the real pain for operating and managing holiday rentals lies,” said Constantin Schröder, co-founder and CEO of Arbio. “Therefore, at Arbio we get extremely excited about leveraging AI to change the fundamentals of a traditionally messy, service-heavy sector. With our involvement in existing holiday property managers we’re very particular about how we believe building and rolling out our platform delivers the highest value to home owners, so that ultimately travelers have a wonderful time exploring new places.”
“Arbio is pioneering the AI-native model in one of Europe’s largest and least digitized service sectors,” said Elise Stern, investment director at Eurazeo. “By combining technology, data and operational excellence, they’re redefining what property owners and guests can expect. We believe Arbio will become the category leader in the multi-billion-euro holiday rental management space, and we are excited to support them in this ambition.”