Helsinki, Finland-based Hostaway has raised €700,000 in funding to grow its vacation rental channel management solution.
The platform allows property managers to use a single dashboard to manage bookings, availability and rates across all short-term rental providers such as Airbnb, Expedia, Booking.com, VRBO, HomeAway, TripAdvisor and 9flats.
The system supports channel-specific rates and minimum length of stay and is integrated with Beyond Pricing to help property managers maximize revenue and occupancy.
Hostaway will use the funding to expand its team and add new markets, with an office in Australia first on its list. The company currently has offices in Helsinki, Toronto and Barcelona.
This latest round comes from private angel investors and Business Finland, a Finnish global growth accelerator, which together have provided a total of €1.16 million since Hostaway’s creation in 2016.
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