Airbnb booking management firm raises £5m in Series A round
Airsorted, a provider of services for hosts using Airbnb and other travel websites, has completed a Series A funding round worth £5m.
The Clerkenwell-based firm will use the investment to support its global expansion and develop its automated technology.
Airsorted recently launched in Paris, adding to a list of cities that already included London, Edinburgh, Dublin, Brighton, Bristol, Sydney, Melbourne, Brisbane and Auckland.
By the end of next year, the business is aiming to expand into a further 38 cities.
Among the investors in the £5m Series A round were Pi Labs and Atami Capital.
It follows a £1.5m boost previously raised through seed funding, bringing Airsorted’s total funding to date to £6.5m.
The company has also embarked on a new crowdfunding campaign to raise an additional £1m.
Airsorted provides a 24-hour hosting platform that amalgamates and services guest bookings from travel websites such as Airbnb, Expedia, Booking.com and HomeAway.
Entrepreneur James Jenkins-Yates founded the company in 2015.
CEO James said: “Homesharing is a booming industry and one of the key elements in the ever-growing sharing-economy.
“Last year, on New Year’s Eve alone, Airbnb reported that three million people had used the service and in 2016, 80 million bookings had been made with a projection of 100 million being hit in 2017.”
He continued: “With our Series A funding and newly launched crowdfunding campaign, we want to expand our offering further to not only provide hosts with peace of mind when offering their homes to travellers, but also to guests by ensuring they have the most seamless stay possible.
“One of the ways we do this is by providing guests 24-hour check-in, which cuts out one the of the many pain points associated with home sharing.”
Charles Madon, from Atami Capital, commented: “The growth of Airsorted is definitely one to be envied by its competitors; it’s captured a once untapped market to become the global leader.
“With the united team they have in place, and their ambitions for the rest of this year, if you’re not currently keeping an eye on how this brand develops, you’ll surely be missing out.”