Airsorted raises £2.1m in crowdfunding
Hospitality management service Airsorted has raised £2,149,197, hitting its original £1,000,000 Seedrs crowdfunding target in four days.
The campaign was supported by over 1,271 investors from 31 countries and the funds will primarily be used to boost global expansion plans.
The London-headquartered company currently operates in 14 cities around the world and has set its sights on expanding into 38 new cities by the end of next year.
“Raising an additional £2 million through crowdfunding alongside our £5 million Series A will really help us realise our ambitions,” said Airsorted founder and CEO James Jenkins-Yates.
“With Airbnb offering more than four million listings in over 190 countries, Airsorted can tap into a huge potential market and can create a hassle-free hosting experience globally.
“The level of support shown by this campaign highlights the belief investors have in our platform and also in our vision for the future.”
In addition to its expansion, the funding will enable the company to develop innovative technology that will allow automated processes including smart scheduling, automatic communication with guests and its API integrated channel management.
With this additional funding, Airsorted’s Series A exceeds £7 million. Earlier in March, the start-up raised £5 million from investors including Atami Capital, Concentric, Maxfield Capital and Pi Labs.
Airsorted is a hassle-free hosting platform that services guest bookings from popular travel websites including Airbnb, Expedia, Booking.com and HomeAway.
It provides a 360-degree service that looks after the management of host properties to make the experience seamless for both hosts and their guests.
Services include listing creation with professional photography, maintenance and laundry, and restocking of household items and 24/7 guest support.
“We remain impressed with Airsorted’s ability to extend their geographic reach, multi-platform strategy reach and its capital-efficient business model,” said Ilya Belyaev from Concentric.
“James, Daniel and the team have remained laser-focused on execution and they are getting repaid for this as they keep scaling the business.”