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Whimstay raises over $1m in crowdfunding
Reading Time: 2 minutesUS: Last-minute reservations platform Whimstay has raised over $1 million in crowdfunding through StartEngine to power its growth in the United States.
Campsite booking platform JetCamp secures €500k in funding
Reading Time: 2 minutesNetherlands: Delft-based online camping guide JetCamp, which lists campsites and holiday parks for bookings, has announced that it has raised €500,000 in investment to accelerate its growth in the European camping market, currently valued at €5 billion. Hotel and apartment operator and tourism product developer, Falkenstein Michaeler Tourism Group [FMTG], and Cunningham Holding led the […]
£700m cash grants for UK hospitality businesses
Reading Time: 2 minutesUK: Hospitality businesses in England most impacted by Covid-19 and the Omicron variant will benefit from £700 million in government grants, delivered to councils across the country today. Businesses in the hospitality, leisure and accommodation sectors can apply for one-off grants (maximum £6,000) depending on the premise’s rateable value: • £51,000 and above rateable value: […]
Luxury Cottages secures “substantial” investment
Reading Time: 2 minutesUK: Premium online travel agency Luxury Cottages has announced that it has secured a “substantial” funding injection from the Midlands Engine Investment Fund [MEIF] West Midlands Equity Fund to bolster its domestic portfolio. The company said that the investment would help it to increase its portfolio to more than 1,200 properties across the UK and […]
CuddlyNest raises $3.5m in funding
Reading Time: < 1 minuteUS: Short-term rental marketplace CuddlyNest has announced that it has raised $3.5 million in funding to drive the expansion of its strategic growth initiatives and product features, and scale its engineering and product teams. The startup previously raised $6 million during the height of the Covid-19 pandemic last October. To date, it has raised over $14 million in […]
HomeToGo to receive $295m funding injection as SPAC moves closer
Reading Time: < 1 minuteGermany: A special purpose acquisition company [SPAC] merger between vacation rental distribution channel and metasearch engine, HomeToGo, and listed shell company Lakestar SPAC I has moved a step closer after shareholders unanimously backed the transaction. Although proceeds from the deal were reduced by investor redemptions, Berlin-based travel tech startup HomeToGo will receive a funding injection of […]
The Guild secures $17.1m in equity and securities options
Reading Time: < 1 minuteUS: Austin-based hospitality startup The Guild, which operates upscale apartments as tech-enabled hotel suites suitable for short-term business and leisure travellers, has raised $17.1 million in equity and securities options from a reported 91 investors. The company reported raising an undisclosed amount in funding from venture debt firm Eastward Capital Partners, although the figures were […]
OYO rebounds to reported $9bn valuation
Reading Time: < 1 minuteIndia: Hospitality chain OYO Hotels & Homes has seen its valuation reportedly rebound to over $9 billion, following a US$7.4 million [540 million Indian rupees] Series F1 funding round earlier this year. The funding round was completed in January and was led by Hindustan Media Venture. OYO said it would use the funding to […]
HiBnb raises CAD $500k in pre-seed funding
Reading Time: 2 minutesCanada: Toronto-based startup HiBnb, which specialises in helping travellers find cannabis-friendly accommodations, has raised CAD $500,000 [USD $393,000] in pre-seed funding to continue its expansion across North America. The platform provides advanced search features, allowing guests to filter down their searches based on accessories, such as rolling stations or tabletop vaporisers, and smoking rules e.g. anywhere […]
Handys raises $1.8m / 2bn won in funding
Reading Time: < 1 minuteSouth Korea: Seoul-based lodging company Handys, which runs branded short-term and long-term accommodation in South Korea, has raised $1.8 million [ just over two billion won] in a funding round led by DSC Investment. The startup has previously received seed round funding, worth $270,000 [300 million won] from Spring Camp and Plant Lee Partners, since its founding […]