Copenhagen and Malmö-based Your.Rentals, an all-in-one short-term rental management platform, has successfully raised €1.7 million from existing shareholders it is reported.
This latest round follows previous investments from Trind Ventures and a Seedrs fundraising campaign in April 2023. The additional funding will allow Your.Rentals to further enhance its product, which includes recent updates like dynamic pricing, powered by PriceLabs and AirDNA, helping hosts increase their revenue by 20-30% on average. The platform also introduced features such as a unified inbox for managing guest communication, scheduled messages for automating tasks, and Your.Capital, offering cash-advance loans for growing businesses.
Reaching break-even during 2024 was a critical milestone for the company, as highlighted by Andrew Martyn, co-founder and CEO.
“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 Andrew Martyn
Your.Rentals positions itself as a user-friendly alternative to more complex rental management systems, which often require multiple tech stacks and booking platform relationships. By simplifying these processes, the platform enables smaller-scale hosts to focus on the areas of their business they enjoy most, offering a seamless solution for short-term rental management.
With the new funding, Your.Rentals aims to further improve its platform and expand its user base, offering an all-in-one solution designed to meet the needs of the growing short-term rental market.
