Property management digital platform Quendoo has been valued at €5 million having launched following a €750,000 venture capitalist funding injection.
The Sofia-based firm aims to allow accommodation owners to take back control of their property bookings, payments, marketing and availability.
Co-founder Christophe Gater said: “For too long, property owners have been at the behest of booking giants.
“Quendoo is on a mission to liberate owners by helping them regain control, maximise their online presence and increase their revenues.”
The platform provides a dashboard to enable property owners to synchronise their choice of marketing channels and recapture revenue from direct bookings.
Co-founder Gorian Varbanov said: “Quendoo removes the need for property owners to wade through multiple expensive and time-consuming third-party services, replacing them with a single site that is joined-up, inexpensive and easy to maintain.”
Quendoo has been established team with 15 years’ experience in the property market.
It said its aim is to employ over 30 people by the end of 2022, an accelerated development program for the group, which has operated for the past five years in the Balkans through peer-to-peer accommodation platform arendoo.com.