GuestReady has announced that it raised £1.34 million in just 24 hours through Seedrs. The short and medium leasing proptech platform saw over 300 investors during this full day of funding.
The company saw a drop in revenue of 80% due to the global pandemic, as travelers canceled plans and consumers opted to stay home instead of risk being in public places. Since then, the numbers have slowly grown, proving to the company that the sector is resilient.
GuestReady CEO and co-founder Alexander Limpert, explained:
“Luckily we’ve seen increased demand from domestic travelers and for longer stays which have helped to cover a large part of the lost bookings from international travelers.”
Since the campaign was launched yesterday, the company received backing that immediately overshot its original target of £1.3 million. Notable investments include a £900,000 investment by a VC fund and £380,000 from Swiss investor Senn & Company.