GuestReady raises over €2.4 million

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29.12.2020
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The Swiss startup GuestReady has grown to become the leading short-term rental management platform operating in 20 countries worldwide. To strengthen its position, enhance and expand its product offering, the company secured a convertible loan of more than €2,4 million. 

GuestReady developed a property management system (PMS)  that automates mundane manual property management services or delivers them remotely from centralized support offices. The company started with a Full Property Management business model. Since 2019 however, it has been offering a white-labelled version of its PMS to vacation rental management companies and traditional property managers that intend to tap into the short-term rental management field. The company also offers Online Property Management services, such as guest communications or revenue management to customers.

Guestready is currently actively operating in over 20 cities worldwide, including cities such as Paris, London, Lisbon, and Dubai. It has managed a portfolio of around 2,500 properties, worth over $1 billion and reached over 1,200,000 cumulative guest nights sold. The company has also built a team of 100 employees that will support its next phase.

The company has marked another milestone after raising more than €2'440’000 from over 820 investors in the form of a convertible loan note via Seedrs. Part of the investment stems from the co-investor, Impulse VC. The funds will enable GuestReady to bolster its growth in existing markets, advance its product to increase operational efficiency, and build its Software-only and Online Property Management service offering.

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