Mews has raised $110 million at a $1.2 billion valuation, the hotel tech startup said Monday.
13.02.2024 - 19:23 / skift.com / Srividya Kalyanaraman
Finnish short-term rental brand Bob W, raised €40 million ($45 million) in a series B funding round to expand in Europe and enhance its technology.
Finnish venture capital firm Evli Growth Partnership led the round. Taavet+Sten, the investment arm of online bank Wise’s co-founders, also participated.
This funding marks the largest investment to date for the startup. Bob W was founded in 2018 and had previously secured a total of €22.5 million in funding. The company operates properties under its own brand and often secures them through monthly rental arrangements or management agreements.
Bob W operates short-term rentals across 10 countries and 17 cities in Europe. Bob W’s recent expansions include properties in Finland, Denmark and London.
“Despite the challenging times in the capital markets, this investment is proof that top-performing companies continue to attract funding. We are thrilled to have these top-tier investors backing us, many of whom are successful entrepreneurs themselves and crucially, our happy customers,” Niko Karstikko, co-founder and CEO of Bob W, said in a statement.
Last April, Bob W acquired its German rival, Charly Hospitality, marking its expansion into Germany, the largest domestic travel market in Europe. This acquisition added seven properties in various German cities and Amsterdam, to its portfolio. Although specific details of the deal were not disclosed, Bob W revealed that the acquisition was financed through Bob W’s Series A funding round of €21 million ($23 million).
Mews has raised $110 million at a $1.2 billion valuation, the hotel tech startup said Monday.
Starting Dec. 4, 2024, Delta will launch a seasonal route from Los Angeles to Brisbane, Australia, which will operate three times per week through March 28, 2025.
Industry-leading hospitality organization unveils its first new brand in 10 years
In January 2024, O‘ahu had the largest vacation rental supply at 209,200 available unit nights (+11.6% vs. 2023, -19.5% vs. 2019).
This article delves into the secrets behind the longevity of these relationships, offering valuable lessons for those seeking to nurture a love that stands the test of time.
New Premium Brand Launched in Days as Company Continues to Fulfill Mission of Launching Profitable Micro-Segmented Brands.
Sri Lanka has scrapped free long-term visa extensions for Russians and Ukrainians who headed to the country in the last two years, Reuters reported.
When you book a short-term rental from Tabas by Blueground in Rio de Janeiro, you get an apartment that feels more like a resort. Everything from the furniture to the towels is standardized. Linens, soap, bedspread — it's all so hotel-like.
Looking for a new gig? Olipop has one for you and your best friend.
At the Skift Global Forum last year, Airbnb CEO Brian Chesky predicted hotel rates would rise in New York City as a result of Local Law 18 – which Airbnb has called a “de facto ban” on short-term rentals.
Envoyage Logo. (Photo Credit: Flight Centre Travel Group)
When I first stepped into Snow Peak's Williamsburg store, I knew this wasn't the rickety, mismatched camping gear I'd grown up with. As I pawed through racks of quilted jackets and pants, in shades of ivory and denim blue, and poked my head into a campground setup where everything boasted clean, taut lines, and gleaming titanium details (these pieces were sturdy), I found myself yearning for the simplicity of the outdoors—well, the simplicity I would be afforded by having this entire, gleaming collection and spending a weekend living among it.