Key Butler secures NOK 5.5M from Norwegian hotel billionaire Petter Stordalen.

Key Butler, a Norwegian-Danish platform for short term rentals, raised an investment round of NOK 5.5M ($650k). The money comes from the Norwegian hotel billionaire Petter Stordalen. The capital will be used for further expansion in adjacent markets, such as holiday homes and the cottage market.

Key Butler, founded by Sune Liengaard and led by CEO Oscar Hellenes, is a Danish company that in 2016 merged with Norwegian Lotel, raising $132,000 for a product that it is similar to the Airbnb service. The service has, so far, only been available in Scandinavia's largest cities, but now extended the service to include the Nordic Rentals.