Hospitality management service Hostmaker has closed a $2 million seed funding round led by DN Capital and other venture funds, entrepreneurs and travel industry professionals.
Launched in July 2014, Hostmaker is a full-service hospitality management company founded by Nakul Sharma, an experienced hospitality professional and Airbnb host himself, giving hosts access to a team of housekeepers and concierges to ensure their guests’ enjoy memorable stays.
Hostmaker also helps hosts market their homes effectively, from the “Airbnb-ready” presentation of the home in photographs to dynamic pricing of the property.
The round was led by DN Capital, backers of Shazam, Auto1, Purplebricks and Windeln.de. Other investors in the round include Avala Capital, DSG Consumer Partners, Delivery Hero co-founder Nikita Fahrenholz and former MD of Airbnb India and Middle East Mohit Srivastava.
Hostmaker is currently offering its Airbnb management services in London, Barcelona and Rome – serving about 5.000 guests every month. The funding will be used for product enhancements and phase two of its expansion to other European capitals. Hostmaker will continue to focus and build on its price optimization tools to deliver value to hosts and operations platform to make logistics more efficient.
