Hospitality management firm Hostmaker has closed a $1m seed funding round led by Initial Capital, and existing investors DN Capital and DSG Consumer Partners.
Founded in December 2013, Hostmaker claims to support nearly 1000 Airbnb hosts across the UK, France, Spain and Italy.
The London-based firm says it will invest the funds into technology designed to improve guest communication and experience for the host community. It also plans to expand into other European capitals.
Nakul Sharma, founder and CEO of Hostmaker, commented: “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.”
Hostmaker assists Airbnb hosts by providing hotel-standard cleaning services, linen rental and welcome packs for guests. The company also helps with pricing, guest communication, design services and maintenance.
Lawrence Barclay of DN Capital, added: “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.”