Vacation home marketplace Landfolk has raised €10.3 million in Series A funding.
The investment in the Denmark-based company comes from EIFO with SEED Capital and Heartland also participating.
Landfolk, which was founded in 2021 by former Airbnb employees, is eyeing expansion in southern Europe. The company is looking to tap into the 7 million holiday homes across the continent that are vacant more than 300 days of the year on average.
Since launch, the startup has grown to more than 3,000 holiday homes and expanded from its Denmark base into Norway, Germany and Sweden.
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Christian Schwarz Lausten, co-founder and CEO, said, "We started Landfolk because we saw an opportunity to change what’s broken in the vacation rental industry. Modern travelers are looking for authentic experiences and are not willing to compromise on aesthetics. The places we stay at should be an experience in itself."
According to a statement, the investment will "fuel Landfolk’s commitment to innovation."
Lausten added, "We’re a seasoned founder team and we probably have one of the most experienced and skilled product teams in Europe when it comes to building marketplaces. This tech-driven approach ensures seamless experiences for both homeowners and guests and is instrumental to our success – especially when we think ahead in terms of scaling and expanding into new markets."
Jacob Bratting, partner and head of tech and industry investments at EIFO, said, "Landfolk enables high utilization of housing assets and gives more people access to some amazing places across Northern Europe. It’s an obvious way to bring more tourism and more jobs to rural areas. Landfolk is a great example of a company that can become a beacon within the tourism industry in Europe."