Proptech startup Sojourn raises funding from Redwood Ventures

September 14, 2019
Share this Post: 

Sojourn, a real estate startup based out of Puerto Rico, has raised investment from Redwood Ventures of an undisclosed sum. Sojourn plans on using the capital to expand its brand presence and proptech services in Latin America.

Redwood, currently the largest venture capital fund in Western Mexico, has already invested in a number of multinational property management firms that operate more than 200 short-term rentals in Puerto Rico, Mexico, the US and Colombia.

Sojourn’s aim is to disrupt and revolutionize the short-term rental market by providing flexible arrangements, a positive return of investment (ROI) and more.

Redwood Ventures Managing Partner Ian Paul Otero said: “It’s a fact that the collaborative economy has come to transform the way in which we consume services every day. Those business models are here to stay and continue transforming our daily lives.”

Sojourn, founded by Ryan Anderson and Daniel Zammata, operates under a master lease arrangement which allows homeowners to increase the value of their short-term rental properties by offering hotel-quality services through its proptech solution. Furthermore, the company offers them the chance to include their property on its tech platform, as well as access its customer support, marketing services, pricing assistance and security features.

Read more here

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

Blue Banner 899 Euros Madrid Ppw 2019

September 14, 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