Pole Capital leads $2m round for MisterBnB

Details concerning the breakdown of the round remain confidential, but Pole Capital's contribution could sit in the $150,000-1m range, according to sources close to the deal.

The same sources stated the $2m figure includes a previous round in MisterBnB a few months ago.

Drawing capital from its Pole Capital Venture 1, Venture 2 and Venture 3 funds, the VC will hold a combined minority stake in MisterBnB alongside the other investors. Meanwhile, the company's four founders will retain a majority shareholding.

Following the capital injection, the Paris-based property rental service intends to invest in marketing and expand its network of offices from its existing locations in Paris, Barcelona and San Francisco to new bases in New York, London, Lisbon, Berlin and Brussels.

There are also plans for a subsequent funding round in the US before year-end.

Company
Founded in 2013 by Matthieu Jost, François de Landes, Marc Dedonder and Julien Delon, MisterBnB offers short-term property rental services for travelers within the gay community. Headquartered in Paris, the business reportedly generated $1.3m in revenues in 2014, with plans to use the fresh capital to increase that figure to $4m.

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