Ventech joins DN Capital in Hostmaker round

The latest round brings the total amount of funding raised by Hostmaker to date to £7.5m. In November 2015, DN Capital led a $2m funding round for the company, which provides hospitality management services to Airbnb hosts. In September last year, it closed a $1m seed funding round led by Initial Capital with participation from DN Capital and DSG Consumer Partners.

French VC Ventech has expanded its geographic reach in recent years, opening further European offices in Munich and Helsinki. The VC recently led a €9.25m series-B funding round for Swedish adtech startup Freespee alongside three other investors in November last year.

DN raised €144m for its third European venture and growth capital fund, GVC III, in 2014. The UK-based venture capital firm started raising commitments for its fourth vehicle, GVC IV, last year and is targeting a €200m close.

Company
Founded in 2013, Hostmaker offers hospitality management services to hosts letting their property on Airbnb. Users can benefit from the services of housekeepers and concierges to make their properties more attractive. Hostmaker also helps hosts to improve their listings in order to get more bookings.

The company is based in London and started operating in Barcelona and Rome in early 2015.

People
Ventech – Alain Caffi (managing partner).
DN Capital – Lawrence Barclay (principal).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• Venture
• United Kingdom
• DN Capital