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

Divar.ir
Iranian Military Cancels Marketplace Divar's IPO Application at Short Notice

Iranian horizontal marketplace Divar's IPO application has been halted after the intelligence segment of a branch of the Iranian military...

Read More
Zillow Financial 1
Zillow Executive Says "Consumers and Agents Being Misled" About Private Listings

A Zillow executive has weighed into the argument currently surrounding the National Association of Realtors (NAR) Clear Cooperation Policy (CCP)...

Read More
Tsukuruba 2
Tsukuruba Reports Record Sales as Cowcamo Marketplace Drives Growth

Japanese real estate platform Tsukuruba posted record-breaking sales and gross profit in its latest quarterly results, underscoring the continued growth...

Read More
Shutterstock 2053897730 3
Profits Slip at North Media in 2024 as BoligPortal Transformation Strategy Continues

North Media, the Danish media outfit behind the country's leading rentals portal BoligPortal, has released its yearly figures for 2024....

Read More

Editor's Pick