Limehome announced a €10 million capital raise extension led by HV Holtzbrinck Ventures.
Limehome, a Munich, Germany-based hospitality provider, announced that it secured an additional €10 million ($11.8M) in an extension financing round of its Series A.
The money was provided by existing investors led by HV Holtzbrinck Ventures and including Lakestar, Global Growth Capital and Picus Capital. The extra funds will be invested primarily in the extension of the technology platform, the brand and in further company growth, as it eyes the expansion to Spain - in Granada, Madrid and Seville.
Limehome, founded in 2018 by Josef Vollmayr and Lars Stäbe, operates a chain of beautifully designed apartments under a premium hotel brand. The company is active in more than 45 locations in Germany and Austria, with another 35 properties currently under development.
Limehome announced its series A of €21 million earlier in 2020.