Airsorted completes £5m funding round
AirBnB management firm Airsorted has completed a Series A funding round worth £5 million.
Pi Labs and Atami Capital were among the investors. With the total amount raised to date now £6.5m, the London firm will continue its global expansion.
It operates in London, Edinburgh, Dublin, Brighton, Bristol, Sydney, Melbourne, Brisbane and Auckland and most recently launched in Paris.
By the end of 2019, the company aims to expand into 38 new cities across the world.
“Homesharing is a booming industry and one of the key elements in the ever-growing sharing-economy,” said Airsorted founder and CEO James Jenkins-Yates.
“Last year, on New Year’s Eve alone, Airbnb reported that three million people had used the service and in 2016, 80m bookings had been made with a projection of 100m 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.”
Airsorted plans to further develop automated technology which includes smart scheduling, auto-communication with guests and API-integrated channel management.
It is also planning to launch a Seedrs crowdfunding campaign with a £1m target in the near future.
Charles Madon of Atami Capital added: "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.”