The Greek vacation rental tech startup Syncbnb has announced a new financing round by Velocity.Partners, 380,000$, bringing the total amount raised by the company to $600,000.
Syncbnb offers vacation rental owners and managers the ability to synchronize their calendars across different booking platforms, helping them increase their revenue and avoid double bookings.
According to a global survey ran by Syncbnb on over 1200 vacation rental owners and managers from the US, Canada, Europe and South America, listing on multiple channels increases revenue by an average of 2.2 times, making the use of a channel manager an absolute must.
“Having been an owner myself, trying to manage my properties on multiple channels has been a challenge” says Alexander Caravitis, co-founder and CEO of Syncbnb. “I tried different channel managers, but most of them either didn’t support two-way synchronization or didn’t offer it in real-time and there were instances where I ended up with a double booking and negative reviews”
The Startup has already got 200,000$ from Angel Investors with new funding to be used for expanding in european markets.