Airbnb administration service Hostmaker scores $15M Sequence B funding

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Airbnb continues to be an ecosystem in its personal proper, with quite a few startups constructing a enterprise by making the lives of hosts simpler and probably extra profitable. One such firm is London-based Hostmaker, an upmarket Airbnb administration service, which as we speak is saying $15 million in Sequence B funding.

The spherical is led by Sansiri, one in all Thailand’s largest premium actual property builders, and Gaw Capital, a Hong Kong-based international hospitality actual property investor. Present backers DN Capital, Ventech, and DSGCP additionally participated.

Based in 2014 by Nakul Sharma after he and his spouse grew to become so-called Airbnb “superhosts” and following analysis he carried out throughout his earlier function within the lodge trade, Hostmaker is described as a tech-driven hospitality administration firm.

Put merely, the startup goals to take away the trouble owners face when managing short-term leases, and gives an array of related companies, from housekeeping by five-star lodge skilled workers, skilled pictures, each day pricing opinions, visitor relations and vetting, to inside design. It additionally facilitates property listings throughout a number of short-stay platforms together with Airbnb, TripAdvisor and Reserving.com.

“Hostmaker was born out of an concept that I had after co-writing a paper on Airbnb’s affect on the lodge trade, while I used to be nonetheless working on the Intercontinental Accommodations Group,” Sharma tells me. “I got here to the conclusion that whereas it may very well be seen as a menace, it needs to be a precedence for the trade to hunt methods to combine this new sort of journey into their enterprise fashions. I assumed, why not deliver top quality hospitality to the homestay expertise? The highest administration, nevertheless, didn’t see Airbnb as something greater than a flash within the pan”.

A flash within the pan, Airbnb wasn’t, and that was inspiration sufficient for he and his spouse, who’s Director and Head of Accounts at Hostmaker, to check the idea for a hospitality administration firm serving short-stay hosts.

“[We] had been already Airbnb superhosts and aware of the platform and the potential issues that hosts might face when letting their dwelling on Airbnb. So, we moved out of our own residence that we had simply purchased, and right into a rented flat!,” he says. “We used our dwelling as a testing lab in order that we may higher perceive how you can remedy the challenges that the 25,000 Airbnb-ers in London had been dealing with. In January 2014, I made a decision it was time to focus solely on Hostmaker. Placing £50,000 of my very own cash into the enterprise, and quitting my job, Hostmaker was formally launched”.

Hostmaker says it has carried out over 150,000 companies throughout Europe, rising at a price of 400 per cent year-on-year. It presently operates in London, Paris, Rome and Barcelona, and says the brand new spherical of funding will assist the startup’s continued tech improvement in “proprietary pricing and operations purposes,” in addition to progress and enlargement past Europe, with a selected give attention to Asia.

On competitors within the Airbnb hospitality administration house — which in Europe contains Airsorted and Bnbsitter — Sharma had this to say: “We had been the primary ones to identify the chance due to my deep analysis into Airbnb’s affect on resorts. Not one of the founders of different firms deliver this background and therefore they appear to be constructing extra opportunistic companies which are extra akin to property administration firms whereas our ambition is to construct a “Hilton for Houses”: a premium branded homestay hospitality service that cares in regards to the dwelling, the house owner and the company”.



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