London-based Airbnb management service Hostmaker has secured fresh $1.1 million in funding to go towards improving technology.
This will help improve guest communication and experience for the host community, as well as aid expansion into European capitals.
The deal means that the business has raised $2.5 million in the past 18 months.
The company currently supports nearly 1,000 hosts across the UK, France, Spain and Italy.
Hostmaker established a base in Paris, introduced a new account management system for hosts and created a design service that helps highlight Airbnb listings in the past six months.
Established two years ago by hospitality professional and Airbnb host, Nakul Sharma, the firm claims to be growing at a rate of 400% year-on-year.
It provides hotel-standard cleaning services, linen rental and welcome packs for arriving guests as well as pricing optimisation, guest communication and design services or maintenance for Airbnb hosts.
The funding round was led by Initial Capital, existing investor DN Capital and DSG Consumer Partners.
Sharma said: “We have been encouraged by the very positive feedback we’ve received from the Airbnb host community about our services.
“Hostmaker is now making hosting easy for nearly a thousand hosts across four major European Airbnb destinations – London, Paris, Rome and Barcelona, and we now have additional cities in the pipeline.
“This new backing from our supportive investor group will allow us to further invest in technology to improve customer experience. We’ll also continue to build our talented hospitality operations team.”
Alvaro Alvarez del Rio, of Initial Capital, added: “In a rapidly growing segment of the hospitality technology sector, we believe Hostmaker’s approach of uncompromising customer service and its independence from external service providers will make it the go-to partner for hosts who want to benefit from short-term lets without all the hassle this process traditionally involves.”
Lawrence Barclay, of DN Capital, said: “We are delighted to increase our investment in Hostmaker which is the category leader in the hospitality management space.
“We are excited about this next phase in Hostmaker’s growth as they continue to consolidate their position in London, as well as ramp up their presence in new markets.”