Denmark: Copenhagen-based property management software provider Your.Rentals has closed an investment from seed-stage venture fund Trind Ventures.
Combined with a successful Seedrs raise earlier this year, Your.Rentals has secured €2.7 million in growth finance so far in 2023.
Andew Martyn, co-founder and CEO of Your.Rentals, said: “We are extremely excited to partner with Trind Ventures. Their expertise and track record in scaling disruptive technology companies make them the perfect partner to help us take our business to the next level.”
Kimmo Irpola, partner at Trind Ventures, said: “Your.Rentals has established itself as a leading player in the short-term rental industry. We believe in their inspiring leadership, community-driven approach, and strategic growth model. We are confident that this partnership will drive the company’s growth and success.”
With the new infusion of capital, Your.Rentals is scaling its go-to-market and accelerating product development to better serve both short-term rental owners and property managers.
New solutions
One of the latest innovations from Your.Rentals is its new financial solutions for short-term rental owners and property managers. Two initiatives have been launched since the summer of 2023.
Firstly, owners and property managers now have the opportunity to receive advanced payouts from Your.Rentals as soon as their bookings become non-refundable.
Secondly, eligible owners or property managers can apply for revenue-backed loans through Your.Rentals.
Martyn said: “The Your.Rentals’ platform includes payments processing as a service, allowing us to empower short-term rental managers with greater financial stability to thrive regardless of seasonality.”
New channel partners
Your.Rentals has also taken its partnership with channel partners to the next level, adding new channels such as Plum Guide and Check24 to its channel manager. Moreover, Your.Rentals has been chosen as one of the exclusive partners for Booking.com’s Request To Book pilot campaign.
The strategic partnerships will enable Your.Rentals’ customers to reach more guests and secure more bookings.
New mobile app
Your.Rentals is poised to unveil a new mobile application available for iOS and Android.
Martyn said: “Numerous customers have expressed their longing for a mobile app that enables seamless management of bookings and guest communications while on the move. Our mobile app will simplify renting for them.
He continued: “We are developing the simplest “true all-in-one” solution for property managers and hosts, enabling them to manage their business from a single log-in. Our platform eliminates the need for APIs and coding and is built around our connections to 30+ OTA channels.”
Trind Ventures, which is headquartered in Tallinn, Estonia, specialises in investing in high-growth platforms that not only bring value to end-users, but also boast a robust community-based business model. The investment in Your.Rentals signifies another strategic move for Trind Ventures to establish a resilient community-focused network across key industries in Europe.
