Jurny raises $2m in first week of community round

US: Vertically-integrated, artificial intelligence [AI]-powered property management solution Jurny has raised more than $2 million in the first week since opening a community investment round on Wefunder to the public.

Backed by venture capital and serving thousands of customers worldwide, Jurny has taken the unique step of inviting retail investors – who typically gain access only after an IPO – to participate for a limited time.

The emergence of AI has brought new opportunities to the hospitality industry, streamlining operations and enhancing customer experiences. Jurny is trying to position itself at the forefront of this evolution, harnessing AI’s potential to overhaul outdated operational practices and drive substantial cost savings for hotels and short-term rental hosts.

With Jurny’s solution, property managers can forego multiple integrations, extensive onboarding sessions, and high costs associated with each product. Instead, Jurny offers a centralised dashboard providing crucial data for precise decision-making and training.

Luca Zambello, co-founder and CEO of Jurny, said: “We take pride in the fact that many of our investors are also Jurny customers. This community, coupled with institutional investment, has propelled us to our current position.

“By extending this opportunity to retail investors, we’re democratising access to AI prospects that traditionally only accredited investors and institutional funds enjoy,” he added.

A team of seasoned founders and executives powers Jurny’s mission, steering the company toward near profitability. With fivefold customer growth in the last nine months, $2.2 million in contracted ARR, and 100 per cent user growth in the past month, the company has garnered support from prominent venture capitalists, including Mucker Capital, Okapi Venture Capital, VITALIZE Venture Capital, Singularity Capital, and SaaS Venture Capital.

Jurny previously raised $9.5 million in an investment round in October 2021, which took the company’s total funding at the time to $12.45 million.

With breakthrough AI and deep infrastructure already in place, Jurny is poised to save hotel operators, short-term rental property managers and Airbnb hosts from wasting billions of dollars on operational inefficiencies annually.

Accredited and non-accredited investors can invest upwards from $250 in Jurny’s community round on Wefunder at this link.