Uniplaces scoops $24m to “reinvent” student accomodation
Young Gun-founded booking platform will use backing from high-profile funds and European entrepreneurs to build a presence in new markets
Uniplaces, the global online marketplace for student accomodation, has this evening announced a staggering $24m in funding from a group of leading funds and angel investors.
The round involved existing investors Octopus Ventures, Shilling Capital Partners and co-investor Caixa Capital, alongside founders from Candy Crush creator King, Supercell, Albion and more.
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Launched in 2012 by Young Guns Mariano Kostelec, Miguel Amaro and Ben Grech (pictured) using their own savings, Uniplaces looks to make finding accommodation easier for university students from all over the world while offering an easy way for landlords to rent their accomodation.
The start-up now employs over 120 people and has scaled rapidly of late – to date users have booked over 500,000 nights of accomodation through the site.
It will use the funding, which takes its total investment to just under $30m, to continue development of its booking platform and also plans to expand in new and existing markets having already attracted users in 140 countries.
With ambitions to “transform” the global student market, Uniplaces’ Grech commented:
“We are committed to transforming student experience. We started by helping students manage their accommodation, but this is just the beginning of what we can do for students around the world. It all comes down to making their university experience easier and more enjoyable. This new funding will help us reach our goals.”