Malmö-based Your.Rentals, a platform for short-term rental management, announced that it has secured fresh funding from Estonian VC firm Trind Ventures.
Following the recent crowdfunding on Seedrs, the Sweden-based startup has now secured a total of €2.7M in growth finance this year.
Andrew Martyn, CEO and Co-founder of Your.Rentals, says, “We are extremely excited to partner with Trind Ventures. Their expertise and track record in scaling disruptive technology companies make them the perfect partner to help us take our business to the next level.”
Brief about Trind Ventures
Based in Tallinn, Trind Ventures is a seed-stage venture fund with a focus on startups featuring consumer or community elements.
The firm collaborates with companies displaying strong potential and emphasising their dedication to promoting innovation and growth in the startup ecosystem.
Kimmo Irpola, Partner at Trind Ventures, says, “Your.Rentals has established itself as a leading player in the short-term rental industry. We believe in their inspiring leadership, community-driven approach, and strategic growth model. We are confident that this partnership will drive the company’s growth and success.”
Trind Ventures’ investment in Your.Rentals aligns with their strategy to build a resilient community-focused network in key European industries.
What does Your.Rentals offer?
Founded in 2016, Your.Rentals is a platform that provides a comprehensive solution for private and small business short-term rental property managers by handling marketing, bookings, operations, and payments in one convenient platform.
In 2023, Your.Rentals introduced new financial solutions, including Advanced Payouts for non-refundable bookings and revenue-backed loans for eligible owners or property managers.
These solutions have enhanced financial flexibility and support for their clients since the summer of 2023, claims the company.
Martyn says, “The Your.Rentals’ platform includes payments processing as a service, allowing us to empower short-term rental managers with greater financial stability to thrive regardless of seasonality.”
Your.Rentals has also strengthened its position in the industry through strategic partnerships, expanding its Channel Manager to include platforms like Plum Guide and Check24.
Additionally, the company has also been selected as an exclusive partner for Booking.com’s Request To Book pilot campaign. Your.Rentals mentions that these collaborations enhance the company’s industry leadership, allowing its customers to reach a wider audience and increase their bookings.
Capital utilisation
Your.Rentals says it will use the funds to expand its market presence and enhance product development, aiming to better assist short-term rental owners and property managers.
Martyn adds, “We are developing the simplest “true all-in-one” solution for property managers and hosts, enabling them to manage their business from a single log-in. Our platform eliminates the need for APIs and coding and is built around our connections to 30+ OTA channels.”
The company is also set to launch a new mobile application for both iOS and Android platforms, enhancing accessibility and convenience for its users.
“Numerous customers have expressed their longing for a mobile app that enables seamless management of bookings and guest communications while on the move. Our mobile app will simplify renting for them,” says Martyn.
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