Limehome has announced additional funding was added to its Series A round. The new capital was €10 million, which brings the total amount raised so far to €31 million.
Limehome is an accommodation marketplace startup with offers pre-furbished apartments. It has used €21 million early this year for further expansion of its services. With this new funding, Limehome says it will use the extra equity to boost its proprietary technology platform, along with further expansion.
Currently, Limehome is present in 25 locations. The company also announced that its revenue has gone through an impressive boom since the beginning of the pandemic, making it a worthy choice for investors in Germany.
The investors that have participated in the round so far include existing investors HV Holtzbrinck Ventures, Lakestar, and Picus Capital.
Christoph Shuh, a partner at Lakestar, said:
"I think there are a lot of opportunities for that kind of inventory and that will stay. People are testing vacation rentals this year and they like it."