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TODAY'S OTHER NEWS

Short-let management service secures £5m of new investment

Airsorted, which describes itself as “the world’s largest hosting management service” says it has secured £5m in funding to expand. 

Airsorted provides short-let landlords with a 24-hour hosting platform that amalgamates and services guest bookings from sites including Airbnb, Expedia, Booking.com and HomeAway. 

The company handles property management from creating listings with professional photography, maintenance and restocking of household items, to liaising with guests.

The company previously raised £1.5m in seed funding, bringing the total to date to £6.5m.

Around £1m of the new investment has come via thousands of owners putting money into a crowdfunding campaign. 

The funding will be used to support the company’s global expansion and further develop its automated technology including ‘smart scheduling’ and auto-communication with guests.

Most recently Airsorted launched in Paris, adding to its current roster of cities which encompasses London, Edinburgh, Dublin, Brighton, Bristol, Sydney, Melbourne, Brisbane and Auckland. By the end of 2019, the company aims to expand into 38 new cities across the world.

Airsorted was founded by James Jenkins-Yates in 2015, since which time it has recruited staff from businesses such as, Google, TransferWise, Deliveroo, Love Home Swap and Rocket Internet.

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