Rentals United raised $4.3 million from Stella EOC Capital and Howzat Partners.
Rentals United, a Stockholm, Sweden and Barcelona, Spain-based company operating a tech platform for vacation rental property managers, announced completing a $4.25 million investment round.
Raymond Frojd, partner at Stella EOC, and Sascha Hausmann, partner at Howzat Partners, will join the Rentals United board.
The money will be used for further building advanced distribution and automation tools, and for adding more resources to support international expansion.
Rentals United, founded in Stockholm in 2015 by Emil Majkowski, Vanessa de Souza Lage and CEO James Burrows, built a channel manager and marketing tool for short-term rentals, as it works with 2,000 property managers distribute more than 250,000 listings to more than 60 travel aggregators, such as Airbnb, Booking.com, and HomeAway.
The company claims to have signed more than 50 percent of the world’s largest property managers as clients and to held a record among channel managers for on-boarding the most properties onto Airbnb in 2018.
Prior to this deal, Rentals United raised about $2.3M in capital investment.