VC-backed Limehome increases series-A by €10m

The three VCs invested in the company in February 2020, committing €21m to the round. Global Growth Capital also contributed a debt investment as part of the round.

Limehome plans to use the fresh capital to support its expansion in Spain, in particular in Granada, Madrid and Seville.

The company had initially planned to raise a series-B round at the end of 2020, Unquote sister publication Mergermarket reported in March, citing an interview with Limehome CEO Josef Vollmayr. The firm has delayed the round in the wake of the coronavirus pandemic, although it still intends to raise around €30-50m and plans to begin this process in June 2021.

Previous funding
HV Holtzbrinck Ventures, Lakestar and Picus Capital backed a €5m round for Limehome in February 2019.

Company
Founded in 2018, Limehome is an online platform for booking short-stay accommodation, offering managed suites and apartments as an alternative to hotels. The company currently offers listings in Austria, Germany and Spain. Limehome is based in Munich and has 96 employees, according to LinkedIn.

People
Limehome – Josef Vollmayr (CEO).
HV Holtzbrinck Ventures – Fabian Gruner (partner).

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• Topics
• Expansion
• DACH
• Technology
• Venture
• Germany
• Holtzbrinck Ventures
• Lakestar