Sojourn, a real estate startup based out of Puerto Rico, has raised investment from Redwood Ventures of an undisclosed sum. Sojourn plans on using the capital to expand its brand presence and proptech services in Latin America.
Redwood, currently the largest venture capital fund in Western Mexico, has already invested in a number of multinational property management firms that operate more than 200 short-term rentals in Puerto Rico, Mexico, the US and Colombia.
Sojourn’s aim is to disrupt and revolutionize the short-term rental market by providing flexible arrangements, a positive return of investment (ROI) and more.
Redwood Ventures Managing Partner Ian Paul Otero said: “It’s a fact that the collaborative economy has come to transform the way in which we consume services every day. Those business models are here to stay and continue transforming our daily lives.”
Sojourn, founded by Ryan Anderson and Daniel Zammata, operates under a master lease arrangement which allows homeowners to increase the value of their short-term rental properties by offering hotel-quality services through its proptech solution. Furthermore, the company offers them the chance to include their property on its tech platform, as well as access its customer support, marketing services, pricing assistance and security features.
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