Vacation home rental specialist Landfolk has announced the acquisition of Danitalia, an Italy-based vacation home provider, for an undisclosed amount.
The deal, which is Landfolk's first acquisition, also sees Danitalia founder Elisabeth Hjorth join Landfolk at country manager for Italy.
Italy is an obvious choice for expansion with strong demand from existing customers, Landfolk said in a statement.
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"We’re delighted to welcome Danitalia to the Landfolk family and to take our first step into the Italian market," said Christian Schwarz Lausten, CEO of Landfolk. "Italy has always been a dream destination for travelers, including our own guests, who have shown a clear interest in authentic and unique Italian homes. This acquisition not only brings Italy into our portfolio but also marks an exciting moment for Landfolk as we explore mergers and acquisitions as a strategic growth lever. Together with Elisabeth, we’re excited to build something extraordinary in Italy."
Denmark-based Landfolk was founded in 2021 by former Airbnb employees. It announced Series A funding of €10.3 million last year and said it was eyeing expansion in southern Europe.