Airbnb hosting service provider YourWelcome secures £400,000
Funding will support London-based proptech firm as it branches out into Paris and targets the student market
YourWelcome, a UK property technology (proptech) company, has closed £400,000 in funding from proptech accelerator programme Pi Labs and Angel Syndicate.
Started in 2015 by Henry Bennett and Paul Loram, London-based YourWelcome is a subscription service which enables Airbnb hosts to share in the revenue of up-selling local on-demand services.
Tablets are left for guests along with house keys allowing them direct access to specially chosen taxis, takeaways or discounted shows; the start-up then takes a percentage of revenue made from every booking.
The finance will support YourWelcome – which also claims to have deals in place with serviced apartment company Skyline and Easy Rental Services – as it expands into Paris and targets the student and wider property market.
The news demonstrates growing demand for Airbnb-related services; just last week Startups profiled Hostmaker – a start-up which provides cleaning services for Airbnb hosts to get their homes “guest-ready”.
Bennett commented: “As occasional Airbnb hosts ourselves, we knew there had to be a way to simplify the way hosts communicate with guests, especially if they are unable to greet them in person.
“We also thought there should be a way for the hosts to monetise their guests through offering high quality on-demand services.”
Mary Criebardis Singh, Pi Labs programme director, said: “What is really unique about YourWelcome’s platform is that they give service providers access to the short term lettings market and the sharing economy.
“The company achieved incredible traction during the accelerator programme both in terms of customer growth and further investment.”