Rentals United Company photo.
This new round of funding will allow Rentals United to further develop its mission of providing advanced distribution & automation tools for its international customer base, by investing in talent acquisition, international expansion and additional technology advancements.
STOCKHOLM – Rentals United, a global channel manager for the short-term rental industry, has announced a $4.25 million investment from Stella EOC Capital and Howzat Partners. Existing investors are also participating in the round.
Rental United’s main focus is to provide short-term rental property managers of all sizes with premier channel management and a marketing solution that allows them to increase revenue and save time. Furthermore, the company provides leading travel websites with access to substantially more and better inventory in order to serve the rapidly growing demand by the modern traveler.
Founded in 2015, the company maintains offices in Stockholm, Barcelona and Warsaw and helps over 2,000 property managers distribute over 250,000 listings onto 60+ travel websites. Current travel website partners include Airbnb, Booking.com and HomeAway, as well as all locally relevant platforms in many regions. Rentals United holds the record for onboarding the most properties onto Airbnb in 2018.
This new round of funding will allow Rentals United to further develop its mission of providing advanced distribution & automation tools for its international customer base, by investing in talent acquisition, international expansion and additional technology advancements.
Raymond Frojd, Partner at Stella EOC comments: “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’ adds: “Over the last few years we have seen substantial growth in the alternative accommodation market with modern travelers 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, CEO of Rentals United says; “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.”
It is also announced that Raymond Frojd and Sascha Hausmann will be joining the Rentals United Board of Directors.
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