Gay travel accommodations site misterbnb raises $2m seed funding

misterbnb.com, that aims to connect the gay community and enable gay men to earn money from their spare space, has raised $2 million in seed funding from slew of investors including China Growth Capital500 Startups, MicroVentures, AngelVest, Pole Capital Ventures, and angels such as Jacky Leclerc founder of gayplanet.com, the company said in a statement.

The startup that was initially launched in Paris in 2013, was also part of 500 Startups Batch 12 January 2015 in San Francisco.

The company said it would use the seed money to expand to New York, San Francisco, London, Lisbon, Berlin, and Amsterdam. With 16,000 listings in over 130 countries, misterbnb claims to be the largest gay hotelier in the world.

“We have a penchant for companies with strong growth and revenue. Not only does misterbnb have both, but they also have a stellar team. I was particularly drawn to the fact that they’re building a global community for gay travelers and hosts. It’s more than just finding a place to stay. It’s helping them feel welcome wherever they go – something that would have been very hard to do before misterbnb,” said 500 Startups managing partner Christine Tsai.

misterbnb said the venture was a response to a strong demand for collaborative tourism in the booming niche of global gay tourism, which it projected to be a $100 billion market. The gay market is also premium segment, traveling twice as much and twice as likely to hold a passport, the company added.

In Paris alone, Airbnb’s largest market, 60 per cent of misterbnb hosts do not use other sharing accommodation sites. “Gay men are seeking to connect with their global community and feel welcome anywhere the go. misterbnb allows them to stay in the city centers for affordable prices and to connect with the local gay scene through our gay city guides.” said  misterbnb CEO Matthieu Jost, in a statement.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.