Airbnb hosting service YourWelcome lands £1m investment
Platform that allows property owners to open up additional revenue streams will use funding to expand across the US, Europe and Asia
YourWelcome, an Airbnb hosting service provider, has raised £1m in funding led by Flux Group, alongside Fullers CEO Simon Emeny and Herald Hotels Sir James Devitt.
Launched in May 2016, YourWelcome provides in-room technology for £7.50 a month that allows individual owners, short stay operators and property management companies to sell everything from late check outs and tickets, to local attractions to taxi booking, cleaning services, food delivery and luggage storage.
The company has installed its tablets in more than 2,000 properties across 23 countries, partnering with local on-demand services.
Following a £400,000 investment in March 2016, this latest funding will be used to fuel rapid expansion across the US, Europe and Asia.
Henry Bennett, founder of YourWelcome, said: “We knew when launching YourWelcome, that a product that could bring a new revenue stream to the short stay accommodation eco-system would be in high demand.
“This funding round will enable us to keep up with the huge demand we have experienced and continue our rapid international expansion.”
Faraz Nagree, lead investor at Flux Group, added: “It has been an incredible journey so far and we at Flux see great potential in both the YourWelcome team and the corporate let/short stay market.”