The investment comes after the company was named a Microsoft Digital Champion earlier this year, while it has also achieved a 400 per cent year-on-year growth.
Across the four cities served, Hostmaker now supports 1,000 hosts and plans to scale that considerably with the funding round from Initial Capital, Shazam investor DN Capital and DSG Consumer Partners.
The investment will go towards developing tech enhancements that will enhance communications and experiences between guests and hosts, which will in turn look to generate more adoption.
In addition to launching in Paris within the past six months, Hostmaker also developed a new account management system for hosts, while a design service was created which allows Airbnb listings to stand out from the competition.
Founded in 2014 by Nakul Sharma, a former hospitality professional with the likes of Intercontinental,?he told us soon after launching how powerful the service was with 20 per cent week-on-week growth. Putting his money where his mouth was, he listed his own home on Airbnb first and called it a ?test lab,” which led him to realise the opportunity.
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Indeed, Hostmaker prides itself on delivering “hotel standard cleaning services” to make things as simple as possible for hosts that want to remain hands-off.
?We have been encouraged by the very positive feedback we ve received from the Airbnb host community about our services. Hostmaker is now making hosting easy for nearly a thousand hosts across four major European Airbnb destinations – London, Paris, Rome and Barcelona, and we now have additional cities in the pipeline,” Sharman said.
“This new backing from our supportive investor group will allow us to further invest in technology to improve customer experience. We ll also continue to build our talented hospitality operations team.
Sharma achieved the praise of Airbnb and secured an invite to San Francisco within months of launching all thanks to spending three hours talking with a customer.