Short-term accommodation rental management firm GuestReady has attracted £600,000 in funding from angel investors.
The cash injection will support product development and hiring new staff following the company’s launch into six countries three months ago.
GuestReady offers support to Airbnb and HomeAway hosts with a co-founding team who mostly previously managed companies in Europe and Asia for global venture builder Rocket Internet.
Notable investors participated in the funding round, backing GuestReady’s quest to become the globally leading short-term rental management company, the firm said.
They included former Airbnb director Georg Bauser and Swiss Founders Fund (SFF), which acted as the lead investor.
SFF venture partner Romano Brandenberg said: “We were impressed by the high-caliber team and the go-to market strategy. We’re confident that GuestReady will be able to scale their short-term rental management service quickly.”
GuestReady co-founder and chief executive Alexander Limpert said: “We are extremely happy to have received the backing of these high-profile investors who will continue to support us on our journey.
“The majority of the funds will be allocated to filling vacant positions in our primary markets, as well as bringing our tech platform to the next level.”
GuestReady.com operates in London, Paris, Singapore, Hong Kong, Kuala Lumpur, and Amsterdam, and is expected to expand into other countries.