Short-term rentals channel manager Rentals United has secured a $4.25 Million investment round.
The new investment comes from Stella EOC Capital and Howzat Partners as well as existing investors.
Rental United provides short-term rental property managers with channel management and a marketing solutions that allows them to increase revenue and drive efficiencies.
The company also provides travel websites with access to a wide range of inventory to serve the rapidly growing demand for alternative accommodation from today’s modern travellers.
The new round of funding will allow Rentals United to further develop its mission of providing advanced distribution and automation tools for its international customer base, by investing in talent acquisition, international expansion and additional technology advancements.
Raymond Fröjd, partner at Stella EOC, said: “We are delighted to invest and to support the great team behind Rentals United. The short term rentals industry is growing fast globally and therefore also the demands for modern technology solutions.
“Rentals United is well positioned in the market with a strong offering to help property managers to increase bookings and improve their service offering for the user.”
Sascha Hausmann, partner at Howzat Partners, added: “Over the last few years we have seen substantial growth in the alternative accommodation market with modern travellers demanding more choice and flexibility.
“We, therefore, invest in technology providers that help facilitate ease of business and provide disruptive, reliable, easy-to-use solutions to market participants. The team of Rentals United has shown it can build a sustainable business based on those principals.”
James Burrows, Rentals United chief executive added: “In only 3 short years we have managed to sign over 50% of the world’s largest property managers as clients.
“This investment round will allow us to build even more tools to help property managers everywhere to improve their marketing and business performance. We are also thrilled about the wealth of knowledge and experience our new investors bring to our team. The road ahead is a very exciting one.”
The firm also announced that Raymond Fröjd and Sascha Hausmann will be joining the Rentals United board of directors
Founded in 2015, the company has offices in Stockholm, Barcelona and Warsaw and helps over 2,000 property managers distribute over 250,000 listings onto 60 plus travel websites.
Current travel website partners include Airbnb, Booking.com and HomeAway, as well as regional players.
Rentals United claims to hold the record for onboarding the most properties onto Airbnb in 2018.