Airsorted Hosting Management Service Raises £5 Million from VCs, Offers £1 Million to Investors via Seedrs

Airsorted, a hosting management platform with hosts using the service across accommodation like Airbnb, Booking.com, Expedia and HomeAway, has raised £5 million in Series A funding backe by VCs Pi Labs and Atami Capital. The company previously raised £1.5 million in seed funding, bringing Airsorted’s total funding to date to £6.5 million. As part of the round, Airsorted is listing a £1 million securities offer on crowdfunding platform Seeders. The additional capital will be used to fuel international expansion.

Airsorted reports that thousands of hosts have already pledged to invest close to £1 million, and the company has launched the pre-registration for its first crowdfunding campaign through Seedrs. By listing the offer to existing users of the service, Airsorted will help solidify a broad base of support for their service.

Most recently, Airsorted launched in Paris, adding to existing cities which include London, Edinburgh, Dublin, Brighton, Bristol, Sydney, Melbourne, Brisbane and Auckland. By the end of 2019, the company wants to have a presence in 38 additional cities around the world.

Airsorted provides hosts with a 24-hour hosting platform that amalgamates and services guest bookings from diverse travel websites including Airbnb, Expedia, Booking.com and HomeAway. The company provides a “360-degree service,” handling all of the management of properties from creating listings with professional photography, maintenance and restocking of household items, to liaising with guests.

Airsorted was founded by CEO James Jenkins-Yates in 2015 and its team now includes individuals who previously worked for big tech names like  Google, TransferWise, Deliveroo, Love Home Swap and Rocket Internet.

“Homesharing is a booming industry and one of the key elements in the ever-growing sharing-economy. Last year, on New Year’s Eve alone, Airbnb reported that 3 million people had used the service and in 2016, 80 million bookings had been made with a projection of 100 million being hit in 2017,” said Jenkins-Yates. “With our Series A funding and newly launched crowdfunding campaign, we want to expand our offering further to not only provide hosts with peace of mind when offering their homes to travellers, but also to guests by ensuring they have the most seamless stay possible. One of the ways we do this is by providing guests 24-hour check-in, which cuts out one the of the many pain points associated with home sharing.”

Investor Charles Madon at Atami Capital said the growth of Airsorted is to be envied;

” it’s captured a once untapped market to become the global leader. With the united team they have in place, and their ambitions for the rest of this year, if you’re not currently keeping an eye on how this brand develops, you’ll surely be missing out.”

Using automated technology and around the clock customer service, Airsorted enables hosts to step back from the day-to-day tasks that accompany home-sharing and maximise the revenue on their property.To date, Airsorted has arranged and managed over £25 million in bookings.

 


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