Hospitably raises $4 million for the STR platform

with hospitalitya San Francisco-based proptech platform for professional short-term rental (STR) property managers, today announced the raising of a $4 million funding round led by Disruption companiesaccording to Short Term Rentalz.

The company says it will use the funding to add a mobile app and multi-inventory management system to its product line, and to increase the size of its sales, onboarding and customer success teams.

“At Hostfully, we want to make the difficult task of managing short-term rental properties easier and more enjoyable. The current investment gives us the opportunity to reach more property managers, help them work on the go, and discover new revenue streams within their existing business portfolio,” said Margot Schmorak, co-founder and CEO of Hostfully.

Founded in 2016, the company offers two products for STR products, including a management platform and digital guides, which allow managers to centralize calendar reservations, adjust prices, distribute inventory, manage automate customer messages and collect payments.

Hostfully’s platform is currently used to manage over 40,000 properties in 80 countries and is available in 15 languages. The company also claims that its digital guides are viewed by vacation rental travelers more than two million times a month.

She also noted that she is the only U.S. company to have preferred partner status with Airbnb, Booking.com and Vrbohas been climate friendly since 2019 and recently won the 2022 Shortyz Award for Best Property Management System.

“We are at an inflection point in the short-term rental industry with unprecedented growth. We are excited to continue to invest in Hostfully as they provide enhanced distribution and monetization capabilities for property managers,” said Elaine Kunda, managing partner of Disruption Ventures.

The round also included the participation of Precursor companies, trend equity, Revolutionary companies, Partners of the Asia Celtic House and several angel investors, and brings the company’s total funding to date to $7 million.

In other recent proptech news, 1Sharpe Ventures closed its first $90 million proptech fund focused on early stage startups. Constant also secured a $500 million credit facility for its Rent Advance product.

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