Airsorted founder and CEO, James Jenkins-Yates
Airsorted will use the money raised from its Series A funding round to fuel its ambitious global expansion plans.
Airsorted, the world’s largest hosting management service, has completed a Series A funding round worth £5m to support its upcoming expansion.
The company has previously raised £1.5m in seed funding, bringing the total amount raised to date to £6.5m.
It is also looking to raise a further £1m through a crowdfunding campaign it is set to launch on the Seedrs platform in the near future.
All of the funding will be used to support the company’s global expansion and further develop its automated technology including, smart scheduling, auto-communication with guests and its API integrated channel management.
Most recently, Airsorted launched in Paris, adding to its current roster of cities which encompasses London, Edinburgh, Dublin, Brighton, Bristol, Sydney, Melbourne, Brisbane and Auckland. By the end of 2019, the company aims to expand into 38 new cities across the world.
The £5m Series A investment comes from investors including Pi Labs, and Atami Capital, with extensive networks within high profile consumer brands and agency groups.
Airsorted founder and CEO, James Jenkins-Yates said: “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.
“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.”
Charles Madon at Atami Capital added: "The growth of Airsorted is definitely one to be envied by its competitors; 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.”
Airsorted was founded by James Jenkins-Yates in 2015. The company has attracted talent from notable businesses such as, Google, TransferWise, Deliveroo, Love Home Swap and Rocket Internet.