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  • Russian fund kicks off £4.75m raise for short-lets firm GuestReady

    first_imgHome » News » Agencies & People » Russian fund kicks off £4.75m raise for short-lets firm GuestReady previous nextAgencies & PeopleRussian fund kicks off £4.75m raise for short-lets firm GuestReadyMoney will be used to help build its teams and tech including its London operation and grow its current listings book of 2,000 properties.Nigel Lewis19th June 201902,242 Views A company that seeks to persuade landlords to rent their homes out via Airbnb and Booking.com rather than using letting agents has raised a further £4.78 million in funding including cash from a Russian VC fund.GuestReady, which has offices and a considerable team in London and presents itself as a proptech company, runs properties on behalf of landlords including doing check-ins, cleaning, maintenance and ensuring properties ‘deliver the maximum return on investment’.The fund made the investment in the company via Impulse VC along with half a dozen other tech investment funds including one run by European business backer Cornelius Boersch.“Tech-enabled services for the property industry are a super-hot trend right now,” says Boersch. “Guest Ready is poised to disrupt this market as one of the fastest-growing companies in the segment of short-term rental management. I look forward to supporting GuestReady in its mission to unlock the full potential of residential real estate.”Open RentThe founders of GuestReady have connections to the UK property market. COO Christian Mischler and CEO Alexander Limpert (pictured, top) both previously worked at companies backed by German VC firm Rocket Investments which helped fund online rental platform OpenRent, which now claims to be the largest letting agency in the UK by listings.GuestReady says it will use the additional, to upgrade its online property management system, grow market share and buy up competitors and grow its position in London.The company also has operations in Paris, Hong Kong, Kuala Lumpur, Dubai and Lisbon. It employs 1,500 people globally and currently has 2,000 properties under management.Alexander Limpert short lets GuestReady airbnb Booking.com June 19, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more