Airbnb-style rental proptech Lavanda raises £4M

September 23, 2019
Share this Post: 

Lavanda, plans on using the funding to boosts its services, which allow institutional real estate portfolios to profit from short-term rentals

Tech platform Lavanda has secured a $5 million (£4 million) funding round led by the investment arm of private real estate investor Henley Investments.

Founded in 2014, the firm’s SaaS platform enables landlords and property managers to tap into legitimate short and medium-term rental demand to target markets include multifamily, build-to-rent (BTR), student housing, serviced apartment and vacation rental portfolios.

As part of the investment Justin Meissel, Henley CIO and MD Europe will join Lavanda’s board. He will sit alongside Harry Hill, Founder of Rightmove, as Non-Executive Director.

“Lavanda legitimizes and institutionalizes short and medium-term rental options for commercial landlords, providing a best-in-class technological solution,” said Meissel.

“As owners, operators and developers of over 10,000 residential units, Henley have first-hand exposure to the income uplift potential driven by Lavanda’s model.

Henley Ventures is pleased to be supporting Lavanda and their top notch team as their business goes global.”

Read more here

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.

Property Portal Watch Madrid Summit 2019

September 23, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Investment Roundup 14Mar
Funding and Investment Roundup: Adevinta, JustMoveIn, REA Group, Tomo Mortgage

This week's funding and investment roundup starts with the now not-so-surprising news that Adevinta is selling...   Europe: Adevinta sells...

Read More
Product Update 2025Mar14 1
Product and Services Roundup: Domclick, Samolet, Homele, Dubizzle, Jitty

This week's product roundup has some interesting news from two Russian businesses...   Europe: Domclick launches house building services and...

Read More
Rightmove Row Of New Housees 2
Rightmove Appoints Amanda James as Non-Executive Director and Audit Chair

Rightmove has appointed Amanda James as a non-executive director (NED) and chair of its Audit, Nomination, and Corporate Social Responsibility...

Read More
Shutterstock 1118947796 3
Baltic Classifieds Group Acquires Real Estate Valuation Platform Untu.lt

Baltic Classifieds Group (BCG) has acquired Lithuanian real estate valuation platform Untu.lt for an undisclosed sum, expanding its portfolio of...

Read More

Editor's Pick