Trind VC portfolio company Your.Rentals raises €1.7m to expand market reach
Your.Rentals, a leading all-in-one short-term rental management platform raises €1.7m from existing shareholders to expand its market reach.
“In a tough market for raising growth capital, weʼre extremely happy to have the ongoing support of our shareholders to continue growing the business.ˮ says Chairman and co-founder Klavs Pedersen.
Since its last capital raise in 2023, the company has accelerated its investments into R&D to broaden the capabilities of its “all-in-oneˮ platform, releasing the following improvements to its customers:
- Dynamic pricing from PriceLabs and Airdna - letting customers automate their pricing and increase revenue by 20 - 30% on average.
- Unified inbox – messaging to guests across most channels.
- Scheduled messages – automating repetitive guest support tasks.
- Unified reviews – collecting and responding to guest reviews in most channels.
- Your.Capital – cash-advance loans for growing businesses.
- Your.Cover – simplified and guaranteed damage deposits.
The company has also prioritised capital efficient growth and has delivered a positive EBITDA during 2024 year to date with a goal to be profitable in 2025.
“Reaching EBITDA break-even has been an important step for the company. Striking the right balance between growth and profitability is a top priority for growth-stage companies like Your.Rentals.“ says CEO and co-founder Andrew Martyn.
Your.Rentals plans to use the investment to reach as many new customers as possible in new and existing markets, and improve its product offering with a focus on its target customers.
“Other short-term rental management solutions on the market require their users to build complicated tech stacks and maintain billing relationships with multiple booking platforms. While this approach works for large-scale property managers, smaller players are typically overwhelmed by the complexity. Your.Rentalsʼ all-in-one solution helps small business property managers and private hosts simplify and automate their daily work so they can focus on the areas of their business that they enjoy most.ˮ Says Martyn.
About Your.Rentals
Your.Rentals is an all-in-one short-term rental property management platform empowering hosts and property managers to generate more revenue, save time, and automate much of their daily work with simple but powerful tools.
For media inquiries, please contact Ivan Danilov, Head of Marketing: ivan@your.rentals
“Reaching EBITDA break-even has been an important step for the company. Striking the right balance between growth and profitability is a top priority for growth-stage companies like Your.Rentals.“ says CEO and co-founder Andrew Martyn.
Your.Rentals plans to use the investment to reach as many new customers as possible in new and existing markets, and improve its product offering with a focus on its target customers.
“Other short-term rental management solutions on the market require their users to build complicated tech stacks and maintain billing relationships with multiple booking platforms. While this approach works for large-scale property managers, smaller players are typically overwhelmed by the complexity. Your.Rentalsʼ all-in-one solution helps small business property managers and private hosts simplify and automate their daily work so they can focus on the areas of their business that they enjoy most.ˮ Says Martyn.
About Your.Rentals
Your.Rentals is an all-in-one short-term rental property management platform empowering hosts and property managers to generate more revenue, save time, and automate much of their daily work with simple but powerful tools.
For media inquiries, please contact Ivan Danilov, Head of Marketing: ivan@your.rentals