Hostmaker closes £5m funding round

Full-service hospitality provider Hostmaker has closed a new £5m funding round taking its total funding to £7.5m.

Backers included Ventech and DN Capital and the firm intends to use the capital to expand operations.

Nakul Sharma, founder and CEO of Hostmaker, said: “Over the last few years, we have seen a fundamental change in how homeowners view their home as not just their private space but as a space to be shared. Hostmaker brings the modern homestay together with gold standard hotel-style hospitality, to enhance the Airbnb experience. We want the short-letting experience for homeowners to be as easy as flicking a switch on.

Alain Caffi of Ventech added: “Thanks to its founder experience in the hospitality industry, Hostmaker brings the most sophisticated capabilities from the traditional hotel operators to the booming on-demand rental business. It brings tremendous value to Airbnb hosts by providing a hassle-free solution rewarding them with best in class yields and to guests by ensuring a consistent level of service on par with hotels.”

And Nenad Marovac of DN Capital concluded: “We are very excited to be backing Hostmaker’s journey to building the ultimate platform for Airbnb and distributed hotel services. This proposition takes all the pain out of letting your home and will become the backbone to the home-rental economy. The Hostmaker management team has excelled over and over again, and is now clearly Europe’s number one player in a fast-growing space.”

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