Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

AIRSORTED RAISES £5 MILLION IN SERIES A FUNDING TO FUEL GLOBAL EXPANSION

AIRSORTED RAISES £5 MILLION IN SERIES A FUNDING TO FUEL GLOBAL EXPANSION
  • Investors in the Series A round include Pi Labs and Atami Capital
  • Airsorted launches pre-registration to Seedrs campaign with aim to raise £1 million in additional crowdfunding
  • Previously, Airsorted raised £1.5 million in seed funding and has managed over 3,000 properties and £25 million in bookings across platforms such as Airbnb, Expedia, Booking.com and HomeAway

Airsorted, the world’s largest hosting management service, today announces the successful completion of a Series A funding round worth £5 million to support its upcoming expansion.

The company has previously raised £1.5 million in seed funding, bringing Airsorted’s total funding to date to £6.5 million.

Airsorted’s 1000s of hosts have already pledged to invest close to £1 million, and the company has launched the pre-registration for its first crowdfunding campaign through Seedrs. Airsorted will be looking to raise an additional £1 million in funding beyond the Series A.

The Series A funding and crowdfund will be used to support the company’s global expansion and further develop its automated technology including, smart scheduling, auto-communication with guests and its API integrated channel management.

Most recently, Airsorted launched in Paris, adding to its current roster of cities which encompasses London, Edinburgh, Dublin, Brighton, Bristol, Sydney, Melbourne, Brisbane and Auckland. By the end of 2019, the company aims to expand into 38 new cities across the world.

The £5 million Series A investment comes from investors including Pi Labs, and Atami Capital, with extensive networks within high profile consumer brands and agency groups.

Airsorted provides hosts with a 24-hour hassle-free hosting platform that amalgamates and services guest bookings from notable travel websites including Airbnb, Expedia, Booking.com and HomeAway. The company provides a 360-degree service, handling the management of host properties from creating listings with professional photography, maintenance and restocking of household items, to liaising with guests.

Airsorted was founded by James Jenkins-Yates in 2015. The company has attracted talent from notable businesses such as, Google, TransferWise, Deliveroo, Love Home Swap and Rocket Internet.

Airsorted Founder and CEO, James Jenkins-Yates 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 3 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.

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 at Atami Capital stated: “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.”

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post