Sydney rental management startup MadeComfy has raised $6 million in a funding round led by investment bank Investec, with participation from existing investors.
It follows the startup last June raising $1.1 million from investors including former managing director of LinkedIn Australia and New Zealand, Cliff Rosenberg and Amaysim cofounders Rolf Hansen and Peter O’Connell. The fresh funding will go towards the company’s expansion into new cities.
David Phillips, head of Investec Emerging Companies and the newest addition to the startup’s board, said Made Comfy was a “clear investment choice” for the bank.
“Our extensive research revealed it is a market leader in the Australian short-term rental management space. MadeComfy is led by an extremely strong team with an excellent track record and has exciting new developments in the pipeline.”
The startup was founded in 2015 by Quirin Schwaighofer and Sabrina Bethunin as a management service for bookings made through the likes of Airbnb, Stayz, and Booking.com, taking care of everything from professional photography, listing on various booking platforms, management of rates and occupancy, liaising with guests before and throughout their stay, managing bookings and check in, and arranging cleaning and linen services.
Schwaighofer said, “We are thrilled with this new investment from Investec.