Home vacation rentals startup Luxstay secures US$3M bridge round funding
Vietnamese sharing economy is expected to reach US$335 billion in global value by 2025, or a 22-fold jump in a decade, according to a PwC research.
Vietnam-based rental sharing startup Luxstay has raised US$3 million in a bridge round from Japan-based CyberAgent Ventures (CAV), Y1 Ventures and some other investors. This round made for CAV’s second investment after it added an undisclosed amount to the US$2.5 million pre-Series A round led by Genesia Ventures in early 2018.
CAV is said to be a key player in guiding Luxstay as a startup company to structure itself internally and raise investment in this round of funding.
Luxstay describes its service as an online platform that connects owners of accommodations such as apartments, vacation villas, homestay looking for short-term rentals with tourists or business travelers. Luxstay has specified its network serving the mid-end to high-end segment.
Read Original Article