Hostfully brings in $1M in seed funding as it looks to grow team | PhocusWire
Summary
The round was led by Precursor Ventures with MergeLane, Wharton Alumni Angels, Blue Startups and Disruption Ventures also participating. The funding will go towards growing the team across sales, marketing and development. In early 2018, the company merged with Orbirental, a fellow specialist in vacation rental management technology. Hostfully’s seed funding is reflective of the investor appetite around the wider alternative accommodation sector. In recent months, significant funding rounds have been announced for a number of players in the space including Selina’s $100 million Series C, Lyric’s $160 million Series B and Guesty’s $35 million raise.
Funding
Amount
$3.0M
Total raised
Date
May 9, 2019
Announcement date
Investors
Precursor Ventures, MergeLane, Hostfully
Lead investors
Company
http://www.hostfully.com
Funded company
Classifications
industries
Hospitality
applications
No applications detected
AskAI Classifications
Labels
Vacation Rental Software
Property Management Software
SaaS
Linked Companies
Hostfully
$1M to $5M