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Unquote
  • Expansion

Spark leads $14m round for Homelike

  • Oscar Geen
  • Oscar Geen
  • 23 August 2018
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Spark Capital has led a $14m funding round for Cologne-based property rental software developer Homelike.

Existing investors Cherry Ventures, Lürssen and Coparion also took part in the latest financing.

The fresh capital will be used to expand the company and improve the product. Homelike will open London offices this month and is hiring across all areas, especially technology and product development, according to a statement.

Homelike

  • DEAL:

    Expansion

  • VALUE:

    $14m

  • LOCATION:

    Cologne

  • SECTOR:

    Software

  • FOUNDED:

    2014

  • STAFF:

    85

Previous funding
Coparion participated in Homelike's seed funding round for an undisclosed amount in 2014.

Cherry led Homelike's €4m series-A in August 2017 along with Coparion and Lürssen. The company employed 45 people at the time of the series-A and has since expanded to 85.

Company
Founded in 2014 and based in Cologne, Homelike is an online software platform that advertises furnished apartments for long-term rental. It is targeted at business travellers that need to stay in a location for longer than one month. It lists 45,000 apartments in 100 cities and employs 85 people, according to the company website.

People
Spark Capital – Alex Finkelstein (partner).
Homelike – Dustin Figge (CEO).

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