Young Gun-founded Airbnb management platform Hostmaker raises $15M Series B
The London based start-up has now raised $25m and currently operates in London, Paris, Rome and Barcelona - serving over 150,000 homes to date
Hostmaker, the online platform that helps Airbnb hosts manage their properties, has raised $15m in Series B funding.
Founded by Nakul Sharma, who was named a Young Gun just last August, the London-based business was backed in a funding round led by Sansiri, one of Thailand’s largest premium real estate developers, and Gaw Capital – a Hong Kong-based global hospitality real estate investor.
Existing lead investors, DN Capital , Ventech and DSGCP also contributed, with Hostmaker having now bagged $25m worth of investment to date.
Coming in at number 11 in our Startups 100 back in May 2017, its inclusion in our definitive list of the UK’s 100 best start-ups of this year came just three months after it raised £5m Series A funding – which at the time took its total amount of funding to over $7.5m.
Aiming to “take the hassle out” of managing short-term rentals for homeowners, Hostmaker helps users with everything they need to maximize their potential earnings as an Airbnb host – such as housekeeping, professional photography, daily pricing reviews, guest relations and vetting, and interior design.
It also facilitates property profile and listing across TripAdvisor and Booking.com.
Achieving growth of 400% year-on-year, the start-up currently operates in London, Paris, Rome and Barcelona – four of the largest global markets for Airbnb.
Founding his proptech start-up back in 2014, Sharma had his inspiration for Hostmaker after traveling around the world with his wife and being increasingly impressed with the service hosts bestowed upon them.
Deciding to give hosting ago themselves, the duo eventually pivoted and decided to help other homeowners.
“Having raised an investment round just a few months ago, we were very much focusing on delivering a great service to our customers and establishing our leading position.
“However, we’ve always welcomed a conversation with strategic investors who believe in our global vision of creating a new experiential brand in the fast-growing homestay category.
“Sansiri approached us with an exciting proposition to take our brand to Asia which was always on our roadmap.
“Along with Gaw Capital’s Asian roots and global footprint, it felt like the right moment to accelerate our expansion in the East.”
Srettha Thavisin, from lead investor Sansiri, said:
“The home sharing market is at an all-time high with 150 million people using Airbnb globally.
“Property management businesses that support the home sharing industry are growing at a similar speed and we are excited to work with Hostmaker, who are leading the charge in Europe by providing the highest quality service out there.”