Rental properties booking and distribution service HomeRez has raised €4 million in a round conducted by Entrepreneur Venture, XAnge, and several business angels including David Roche (ex-President Hotels.com), Nicolas Brumelot (Founder Go Voyage, Founder MisterFly), Pablo Szefner (Justfab) and Frederic Halley.
The Paris-based startup is a centralised service for the booking of holiday rental properties, it is the brainchild of three former directors at Booking.com and Hotels.com. HomeRez connects vacation rental owners to hundreds of leading vacation rentals sites across the world (including Airbnb, Homeway, Booking.com or TripAdvisor). They provide revenue management tools, manage calendars in real-time, create property descriptions in 5 languages and handle all communication with potential guests to ensure maximum occupancy as well as an operational customer service.
“We believe people are now willing to feel like home when traveling, a feeling of authenticity in their lodging facilities. To this end, Homerez is bringing to individual homeowners what Booking brought to hotels: professional, immediate and hassle-free visibility and booking processes.” – Bartosz Jakubowski, Associate at XAnge
HomeRez claims that since its launch in January 2014, they helped thousands of homeowners significantly increase their rental income. With several thousand vacation rental owners distributed over 100 international leading sites, HomeRez has delivered over 25,000 satisfied guests, experiencing a 250% growth in Q1 2016 for room nights booked and a 100% increase in revenue per home rental.
The funds raised will be primarily devoted to technology, international expansion and developing new services to vacation rental owners.
“Homerez provides an effective solution to help holiday rental owners save time and increase their revenue. The extremely rapid growth in the number of clients working with HomeRez demonstrates the relevance of the service they offer. We have also been convinced by the founders who have a strong experience and expertise in the tourism industry” – Bretrand Folliet, Partner at Entrepreneur Venture