GuestReady secures €2.4 million

GuestReady AG in Trogen has secured a convertible loan with 820 investors. The funds of more than €2.4 million will be used to grow its network for short-term rentals in 20 existing markets.

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Founded by Alexander Limpert, Christian Mischler and Patrick Degen in 2016, the startup GuestReady AG currently manages over 2,000 properties across Europe, the Middle East and Asia. GuestReady has just secured a convertible loan of €2.44 million to scale-up its product offering. Convertible bonds grant the holder the option to convert it into equity shares.

The investment came from 820 investors, including Co-Investor Impulse VC. GuestReady will use the funds to support its growth in existing markets, develop the operational efficiency of its product and work on its Software-only and Online Property Management service offering, as was reported in a press release from startup accelerator program Venturelab.

Based in the St.GallenBodenseeArea, GuestReady is a globally leading tech-enabled short-term rental management company. The startup helps property owners to rent their properties on platforms such as Airbnb, or HomeAway. Its services include everything from listing creation to guest communications, housekeeping, key management and price optimization. GuestReady currently actively operates in over 20 cities around the world, Venturelab reports, including Paris, London, Lisbon and Dubai. The company has a team of 100 employees worldwide.

In 2019, GuestReady was elected at the first place on the Public Voting of the TOP 100 Swiss Startup Award.

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