Rental Management Startup Hostmaker Raises $5 Million

Hostmaker, a home rental management services company, has raised $5 million in venture debt.

Silicon Valley Bank led the investment in the startup, which has raised $25 million in total since its founding in 2014.

Hostmaker helps to run rentals, such as with housekeeping services, and to market them across platforms such as Airbnb and Booking.com. The company currently supports more than 1,000 homeowners in eight European cities plus Bangkok as the start of a push into Asia.

Marriott International recently announced a partnership with Hostmaker to introduce a new branded home-sharing proposition named Tribute Portfolio Homes.

The London-based startup said it would use this latest money to acquire smaller portfolio operators and to invest in its technology.

Possible acquisitions could include London-based GuestReady, which raised a $3 million seed round last autumn and serves properties in Europe and Asia (such as in Singapore, Hong Kong, and Kuala Lumpur).

Hostmaker competes with many players, including Guesty, which, earlier this year raised $19.75 million in Series B funding led by TLV Partners.

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