Londonrentapartments.com Raises $1.3 Million To Expand Its Vacation Rentals Management Service
londonrentapartments.com, a company that sells technology to support vacation rental owners, has raised $1.3 million, bringing its total investment, to date, to $2 million.
- Tacoma, WA (1888PressRelease) March 14, 2018 - londonrentapartments.com, a company that sells technology to support vacation rental owners, has raised $1.3 million, bringing its total investment, to date, to $2 million.
Prior investor Silverandgold Partners upped its stakes by joining this round; it has two partners as board members on the startup, too. Ventos Ventures also participated in this round. To date, londonrentapartments.com has raised $2 million from a variety of investors.
Founded in 2015 in England, the company offers tools for property owners to manage their listings on sites like londonrentapartments.com as well as handle on-property management issues, such as check-in and cleaning, for an 18% fee.
londonrentapartments.com manages about 90 properties in two cities, such as London and Chelsea.
londonrentapartments.com has taken on traditional property management firms by charging lower rates of commission on bookings, something it says its more efficient software and business model allows it to do.
The startup is led by a team with prior experience in the travel industry. Its executive chairman John Merlin had leadership roles at airbnb.com, BnB.com, and Hotnews;
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