DN Capital et al. in $2m round for Hostmaker

Other venture investors in the round included Avala Capital and DSG Consumer Partners. The deal was also backed by Delivery Hero co-founder Nikita Fahrenholz and former Airbnb managing director Mohit Srivastava.

DN Capital stated it had been monitoring the market Hostmaker operates in for some time. The company will use the fresh funds for product enhancements and the second phase of its expansion to other European capitals besides London, Barcelona and Rome.

DN raised €144m for its third European venture and growth capital fund, GVC III, in 2014. It recently took part in a further $14m series-B funding round for portfolio company Happn, a French dating app, alongside Alven Capital, Idinvest and Raine Ventures.

Company
Founded in 2013, Hostmaker offers hospitality management services to hosts letting their property on popular website 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
Lawrence Barclay worked on the deal for DN Capital.

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