New investment by Stella EOC Capital in global rental channel manager Rentals United
Rentals United is an advanced and compact cloud-based technology solution for vacation rental managers & owners across the globe to market and operate their businesses.
Founded in 2015, the company maintains offices in Stockholm, Barcelona and Warsaw and helps over 2,000 property managers, managing over 250,000 listings on 60+ travel websites. Current travel website partners include international sites like Airbnb, Booking.com and HomeAway as well locally important outlets in many regions globally. Rentals United holds the record of onboarding the most properties onto Airbnb in 2018.
The businesses’ main focus is to provide property managers of all sizes with premier channel management and marketing solution to facilitate ease of business while increasing bottom line success. The company furthermore helps travel websites to gain access to substantially more and better product in order to serve the rapidly growing demand by the modern traveller.
In April 2019, Stella EOC Capital and Howzat Partners invested $4.25m in Rentals United, with existing investors also participating in the round.
This new round of funding will allow Rentals United to further follow its mission of providing advanced distribution & automation tools, and therefore aggressively invest into team, international expansion and additional technology products.
James Burrows, CEO of Rentals United says; “In only 3 years we have managed to sign over 50% of the world’s largest property managers as clients. This round will allow us to build more tools to help property managers of all sizes to improve their marketing and business performance. We are also thrilled about the wealth of knowledge and experience these new investors bring our team. The road ahead is a very exciting one.”
Raymond Fröjd, Partner at Stella EOC added: “We are delighted to invest and to support the great team behind Rentals United. The short term rentals industry is growing fast globally and therefore also the demands for modern technology solutions. Rentals United is well positioned in the market with a strong offering to help property managers to increase bookings and improve their service offering for the user.”
Raymond Fröjd (Stella EOC) and Sascha Hausmann (Howzat) will be joining the Rentals United Board of Directors.
“Rentals United is our first investment within the Travel & Hospitality vertical – a vertical the Stella EOC advisory platform has extensive experience from working with a multitude of clients such as eTraveli, Travelstart, flygresor.se over the years. We have followed Rentals United for about a year and have been very impressed by their progress and traction. We look forward to be part of this journey going forward.”