Homelike, a long-stay apartment service for corporate travelers, has ceased operations after 10 years in business.
The Germany-based company said in a note on its website it is no longer taking new bookings but that existing bookings remain valid.
Homelike announced "eight digit" funding from hospitality investment company QIG in 2023 as well as a merger with Q Global Network, an existing company within the QIG portfolio. A press release at the time revealed Homelike had $100 million in booking volumes in 2023.
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The merger followed Homelike's funding of $14 million in mid-2018 and said the investment would go towards scaling the platform, tech development and product expansion.
The platform offered 45,000 furnished apartments across approximately 100 European cities at the time. It launched in the Netherlands in 2018, followed by Spain in 2019 and the United States in 2021.
The note also said users can continue to access their information regarding bookings via the Homelike dashboard until the end of this month.
PhocusWire has contacted Homelike for a statement.