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Big Tiny raises AU$4.2m to grow Australian market footprint
Reading Time: 2 minutesAustralia / Singapore: Tiny house startup Big Tiny has announced that it has raised AU$4.2 million in pre-Series A funding as it seeks to grow its footprint in Australia and New Zealand in the next 12 months. The round was led by Singaporean businessman Koh Boon Hwee, with participation from Phillip Private Equity, GPPC Capital […]
Alloggio raises AU$16.5m to go public via IPO on ASX
Reading Time: 2 minutesAustralia: New South Wales-based travel technology platform and vacation rental management business, Alloggio, has officially gone public via an initial public offering [IPO] on the Australian Securities Exchange [ASX], raising AU$16.5 million at 20c a share in the process. The company, which was founded in 2015, finished its first day trading on the ASX with […]
Riparide raises $4m for international expansion plans
Reading Time: 3 minutesAustralia: Melbourne-based online portal Riparide, which specialises in providing unique properties and experiences in regional Australia, has raised $4 million in investment as it looks to accelerate its international expansion plans. The investment round was backed by private investment groups Macdoch Ventures and Upswell Ventures. Founded in 2014, Riparide promises to offer “soul-fulfilling escapes” in […]
Alloggio aiming to raise AU$16.5m for IPO this month
Reading Time: < 1 minuteAustralia: New South Wales-based property management company Alloggio Group is seeking to raise AU$16.5 million in investment before it goes public via an initial public offering [IPO] on the Australian Securities Exchange [ASX] on 29 November. Alloggio – which is Italian for accommodation – is due to issue 82.5 million new shares at $0.20 per […]
Dtravel secures 200K property milestone in first month
Reading Time: 2 minutesAustralia: Dtravel, a blockchain-based decentralised platform for the home sharing economy, has announced that it has secured over 200,000 properties in more than 2,000 cities since launching last month. Dtravel is backed by a $5 million seed fundraising round from Kenetic Capital, Future Perfect Ventures, DHVC, Plutus VC, GBV Capital, AU21 Capital, Shima Capital, LD […]
Airbnb suspends Australian host for refusing vaccinated guests
Reading Time: 2 minutesAustralia: Airbnb has suspended one of its ‘Superhosts’ in the southeast Australian state of Victoria for refusing to rent to a couple who had received the Covid-19 vaccine. The incident began when Steve Carey attempted to book a holiday via the home-sharing platform in Victoria, prior to the latest Melbourne outbreak, for him and his partner. When […]
Camplify goes public via AU$11.5m IPO
Reading Time: 2 minutesAustralia: New South Wales-based peer-to-peer caravan hire and RV sharing marketplace, Camplify, has gone public on the Australian Securities Exchange via a AU$11.5 million initial public offering [IPO]. The rental startup submitted the necessary documentation in May, with an offer price of $1.42 per share, giving the business an enterprise valuation of $42.1 million on completion. […]
Unyoked secures undisclosed amount in fresh funding
Reading Time: 3 minutesAustralia: “Wilderness experience” company Unyoked, which lists cabins in rural destinations, has raised an undisclosed amount in new funding from investors including Real Tech Ventures and Luxury Escapes co-founder Adam Schwab. The company, which had previously raised A$1.2 million [US$900,000] in a number of funding rounds since its founding in 2017, manages 30 “tiny” mobile […]
Short-term rental bill passes Australian Parliament
Reading Time: < 1 minuteAustralia: The Owners Corporation and Other Acts Amendment Bill 2020 has passed through the Upper House of Victorian Parliament, ensuring the protection of short stay operations in the state. Developing from previous inquiries made by parliament into the short stay operations in the state, the legislation covers the operations of short stay accommodation businesses in […]
Operto announces partnership with HomHero
Reading Time: 2 minutesCanada: Property automation system Operto Guest Technologies has announced a partnership with SaaS property management system HomHero, to increase Operto’s short-term rental market in Australia for its Smart Stay connected solution. Operto provides property managers and hotels with a connected software platform and integrated suite of solutions to manage access, temperature control, occupancy monitoring and team […]