Airbnb management startup GuestReady has closed $750,000 angel round lead by Swiss Founders Fund (SFF) and other investors that includes former Airbnb director Georg Bauser and Swiss real estate firm Senn Partner Holdings.
The funding round has come three months after London-based GuestReady launched itself in six countries globally. The co-founding team, of which most have previously managed companies in Europe and Asia for global venture builder Rocket Internet, is spread out across all six markets.
“The funds will center on product development and the hiring of essential staff members. Notable investors participated in this round, backing GuestReady’s quest to become the globally leading short-term rental management company,” it said in an announcement yesterday.
GuestReady offers support for simpler, logistical aspects of key handling, housekeeping and linen supplies to the more complicated overall management of guest communication, listing creation and yield management.
“Our platform serves the current needs, but since our launch we’ve already discovered a number of potential short-cuts in our daily operations, which we can support by tweaking and developing our system. Furthermore, we are currently using a handful of third party applications to complement our proprietary platform and we will move towards deeper integration of the core features,” GuestReady Co-Founder and MD Netherlands Jonna van Kalker told DEALSTREETASIA in an emailed response.
Jonna added that the company is far from reaching maturity in its existing markets and can grow faster by adding more staff there. “That said, we will expand to new markets soon, but these will be test grounds, and we cannot disclose which ones yet. Essentially, we plan to double down on markets where demand meets or exceeds our expectations while assessing new markets to expand into,” Jonna added.
New Airbnb and HomeAway hosts are at times overwhelmed by the operational efforts needed to maintain and update listings while providing hotel-like services to guests and that is where GuestReady comes in the picture.
“We were impressed by the high-caliber team and the go-to market strategy. We’re confident that GuestReady will be able to scale their short-term rental management service quickly,” said SFF Venture Partner Romano Brandenberg.
With its operations in London, Singapore, Hong Kong, Paris, Kuala Lumpur, and Amsterdam the company is expected to roll into new countries soon. It is also looking for qualified professionals to join its teams in all cities, it said.
“The majority of the funds will be allocated to filling vacant positions in our primary markets, as well as bringing our tech platform to the next level,” said Alexander Limpert, London-based GuestReady co-founder and CEO.