TLDR:
- Your.Rentals raises €1.7 million from existing shareholders for market expansion.
- The company plans to use the investment to reach new customers and improve its product offering.
Denmark-based short-term rental management platform Your.Rentals has secured €1.7 million in funding from existing shareholders to expand its market reach. The company had previously received funding from seed-stage venture fund Trind Ventures and unnamed investors through a Seedrs fundraising campaign in April 2023. Your.Rentals co-founder Klavs Pedersen expressed gratitude for the ongoing support of shareholders amidst a challenging market for raising growth capital. Since its last fundraise, the company has invested in research and development to enhance its platform’s capabilities, introducing features such as dynamic pricing, a unified inbox, and scheduled messages to improve customer experience.
The company has also achieved a positive EBITDA in 2024 and aims to be profitable in 2025. CEO Andrew Martyn highlighted the importance of reaching EBITDA break-even and emphasized the company’s focus on achieving growth while maintaining profitability. Your.Rentals plans to use the investment to acquire new customers, enhance its product offering, and cater to the needs of small business property managers and private hosts. Martyn underlined the company’s commitment to simplifying and automating daily tasks for users, allowing them to concentrate on core aspects of their business.
With a goal of reaching as many new customers as possible in new and existing markets, Your.Rentals aims to differentiate itself from other short-term rental management solutions by providing an all-in-one platform that eliminates the complexities associated with managing multiple booking platforms. By offering a streamlined and efficient solution, the company aims to empower small-scale property managers and hosts to optimize their operations and focus on business growth and customer satisfaction.
