Black-owned PE firm closes $4 million vacation rental fund
US: East Chop Capital has announced the closing of its inaugural $4 million fund, which has been created to capitalise
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investment
UC Asset invests into SHOC Holdings and appoints CEO
US: UC Asset (UCASU), an Atlanta-based real estate investment firm, has invested around $1 million into SHOC Holdings LLC, and
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Goldman Sachs invests in Inhabit IQ
US: Inhabit IQ, a provider of software for the property rental industry, has received “a significant investment” from Goldman Sachs’
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TravelNest secures £1.8 million funding
UK: Edinburgh start-up TravelNest has secured £1.8 million from Silicon Valley Bank (SVB) and Scottish Enterprise. The Edinburgh-based company’s product
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Alloggio looks to float on Australian Stock Exchange
Australia: Property manager Alloggio has closed a pre-IPO funding round, ahead of an intended float in late 2021. Alloggio –
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Mandarin Oriental invests in rental firm Stay One Degree
UK: Mandarin Oriental Hotel Group has led a funding round into luxury holiday home rental membership firm Stay One Degree.
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Airbnb valuation skyrockets to $100bn amid IPO “bonanza”
US: After much speculation and anticipation, Airbnb has achieved an eye-watering post-initial public offering [IPO] valuation of circa US$100 billion,
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Holiday let investment rises due to staycations
UK: Sources across the UK property investment market are seeing significant growth in investor interest in holiday lets. Increased demand
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OTA Traveloka raises $250m to boost travel confidence
Asia: Jakarta-based online travel agency and app, Traveloka, has announced that it has raised $250 million to enhance its operations
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Dutch demand for holiday homes shoots up
The Netherlands: Demand is rising for holiday homes in the Netherlands, in rural provinces such as Zeeland, Friesland and Drenthe.
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