Limehome, a technology-based provider and operator of digitised-design serviced apartments in Europe, has closed a funding round of €45 mln in new growth capital.
AW Rostamani Group and Capital Four are investing in the Munich-based start-up for the first time. Current investors HV Capital, Picus Capital and Lakestar are also renewing their investment in the funding round.
According to the hospitality-tech company, Limehome continued to grow dynamically in both business and leisure segments during the pandemic crisis, tripling turnover every year. Limehome is already present in over 100 locations in seven countries, with more than 3,000 apartments under contract.
Limehome intends to use the additional capital primarily for further expansion. In addition to organic growth, part of the capital will also fund acquisitions of existing operators, where Limehome has been able to achieve significant performance increases in the past. Furthermore, the firm will further enhance scalability and high service levels through further development of its proprietary technology platform.
'Our two new investors appreciate the combination of high growth and a highly profitable existing business. We are delighted with their confidence in our vision and feel confirmed that we are on the right track to develop limehome into a highly profitable technology-based operator of design serviced apartments,' said Cesar de Sousa Freitas, managing director of limehome.
Added Josef Vollmayr, co-founder and managing director of Limehome: 'The last few years have shown that our fully equipped design serviced apartments with a digital customer journey and consistent quality are very popular in both the leisure and business segments. With the support of our investors, we will continue to develop our concept and bring it to new markets.'
Limehome automates all the conventional processes of a hotel’s operation from pricing to booking, check-in, cleaning, customer service and invoicing.
'We invested in Limehome's innovative business model at an early stage. We see this confirmed by the company's exceptional development. We are convinced that limehome will continue to expand its leading position as a technology-based operator in Europe through its clear concept and strong implementation,' said Fabian Gruner, principal at HV Capital.
