GuestReady raises 6 million francs
Trogen AR – The proptech GuestReady AG has raised 6 million Swiss francs in a financing round. This technology company in the property industry plans to invest in its further growth.
Based in the St.GallenBodenseeArea, GuestReady AG has developed a platform for managing short-term rental properties. It is used to turn vacant residential properties into thriving listings by providers such as Airbnb and Booking.com. According to an article on startupticker.ch, the GuestReady platform is currently managing more than 2,000 properties. This also reported that the company has raised an additional 6 million francs in a financing round, bringing the total funds secured to almost 10 million francs.
GuestReady operates in 14 cities around the world, which has in part been made possible by a series of acquisitions, including of BnbLord, the leading Airbnb-management company in France and Portugal. The article outlines that the new funds will also be used to capitalize on available merger and acquisition opportunities, though principally to fuel growth initiatives and for the further development of the property management system.
Previously, the company above all raised seed capital from investors and other Swiss and German business angels. However, the latest financing round was co-led by Roman Abramovich-backed Impulse VC and VentureSouq from Dubai. Among the new investors are the European Investment Fund (EIF) and Cornelius (Conny) Boersch, founder of Swiss venture capital firm Mountain Partners.
The three co-founders of GuestReady – Christian Mischler, Alexander Limpert und Patrick Degen – have previously launched and scaled a number of global companies. They built on this experience in their journey with GuestReady, Chairman Christian Mischler says in the article. The company also benefits from having highly capable teams in local markets that bring the necessary local expertise into the mix.