Condominium rental enterprise Bob W has raised €21 million in Sequence A funding.
The spherical for the Helsinki-based enterprise was led by IDC Ventures, Elevator Ventures, Verve Ventures and Flashpoint.
Based in 2019, Bob W offers short-stay flats to vacationers with a give attention to know-how and hotel-style companies.
The funding will go towards additional enlargement into new and present markets in addition to the event of the corporate’s tech platform.
Bob W has made a lot of acquisitions this yr together with Estonia’s Estonishing Keep and Finland-based Koti Resort.
Niko Karstikko, co-founder and CEO of Bob W, says: “Our aim is to make use of the funds to create a brand new business benchmark for digital expertise, and to help our explosive development in new European markets past the U.Okay., Spain, Finland and Estonia, the place we at present function.
“We’ve demonstrated, regardless of the difficult enterprise and funding local weather, that we are able to ship a robust efficiency, which is mirrored in our capability to lift capital. The resilience that now we have proven, underpinned by our distinctive idea, strong tech platform and real sustainability credentials, units us up completely for future enlargement, whether or not by means of natural development or mergers and acquisitions.
He provides that the corporate has greater than 20 cities in Europe in its enlargement pipeline.
In April 2021, Bob W raised €10 million in seed funding.