Existing investors DN Capital, Ventech and DSG Consumer Partners also participated. The new round takes the total funding of the company to $25 million since its inception in 2014.
“The home sharing market is at an all-time high with 150 million people using Airbnb globally. Property management businesses that support the home sharing industry are growing at a similar speed and we are excited to work with Hostmaker, who are leading the charge in Europe by providing the highest quality service out there,” said Srettha Thavisin from lead investor Sansiri.
In February this year, Hostmaker raised $6.5 million in Series A round led by Paris-based venture capital fund Ventech. DN Capital and DSG Consumer Partners had also participated in the round.
Hostmaker, a London-based hospitality management service provider for Airbnb hosts and their homes, was founded by Nakul Sharma. Its business model involves being a full-service Airbnb management company, where homeowners don’t have to get involved in managing the short-term rentals of their properties.
“Having raised an investment round just a few months ago, we were very much focusing on delivering a great service to our customers and establishing our leading position. However, we’ve always welcomed a conversation with strategic investors who believe in our global vision of creating a new experiential brand in the fast-growing homestay category,” said Nakul Sharma.
“Sansiri approached us with an exciting proposition to take our brand to Asia which was always on our roadmap. Along with Gaw Capital’s Asian roots and global footprint, it felt like the right moment to accelerate our expansion in the East,” he added.