Rentals United has raised $4.25 million to further develop its technology platform for vacation rental property managers.
The company, which was founded in 2015, specializes in channel management for short-term rentals.
According to a statement, it now has offices in Stockholm, Barcelona and Warsaw and helps more than 2,000 property managers distribute more than 250,000 listings across in excess of 60 sites.
The latest funding will go towards developing its “advanced distribution and automation tools” with plans also to invest in recruitment and international expansion.
Raymond Frojd, partner at Stella EOC, and Sascha Hausmann, partner at Howzat Partners, will join the Rentals United board.
Hausmann says: “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 into technology providers that help facilitate ease of business and provide disruptive, reliable, easy-to-use solutions to market participants.”
James Burrows, CEO of Rentals United, adds: “This investment round will allow us to build even more tools to help property managers everywhere to improve their marketing and business performance.”
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