Participants in the funding round included Milwaukee’s La Macchia Holdings, Silicon Valley’s Sand Hill Angels and Chicago’s Motivate Ventures, in addition to existing seed round investors.
Last year, the startup company received a $250,000 investment from Milwaukee Bucks Co-Owner Marc Lasry, which was part of a $750,000 funding round led by Madison-based venture capital firm Lancaster Investments.
Frontdesk primarily offers short-term rental housing for business and vacation travellers as part of its service.
As agreed in line with La Macchia Enterprises’ investment, Founder and CEO, Bill La Macchia, is set to join the firm’s Board of Directors.
Frontdesk Co-Founder and Chief Growth Officer, Jesse DePinto, said: “Frontdesk has positioned itself to be a technology leader in the vacation rental industry. Additionally, the added capital propels our hospitality brand and its technology to new heights.”
The startup is currently active in 13 U.S. cities, including Milwaukee; Dallas; Charlotte, North Carolina; and St. Louis, and operates more than 270 rentals within them.
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