Short-term rental provider Frontdesk raises $2.7M in funding

August 26, 2019
Share this Post: 

Short-term rental aggregator, Frontdesk, has recently announced $1.75 million raised in a funding round that it will use to grow its business

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.

Read more here

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.

Blue Banner 899 Euros Madrid Ppw 2019

Read more

August 26, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Nils K
Ringier's Nils Körber on ArtificiaI Intelligence, Training the Machine, and Talking about Problems

"What would you do with one million interns?" The award for the best question at the PropTech and Portal Watch...

Read More
Untitled Design 13
As OnTheMarket Hits 15,000 Advertisers, Zoopla Fights Back with Big Agency Deal

The British property portal Zoopla has announced a new long-term listings deal with Dexters, one of London's top agencies with...

Read More
Untitled Design 12
LeBonCoin Suffers Data Leak and Boliga Comes Under Cyber Attack on Same Weekend

LeBonCoin, the leading French horizontal marketplace owned by Adevinta, has acknowledged that some of its users' personal information was exposed...

Read More
Number 2S Challenging Hero Image 2
Analysis: Can Zoopla, Realtor.com and Domain See Off Challengers and Close the Gap to Market Leaders?

Well-funded challenger portals have been generating a lot of headlines in the industry recently. CoStar has been explicit about its...

Read More

Editor's Pick