MadeComfy scores $10 million for enlargement and tech improvement

Brief-term rental and property administration platform MadeComfy has raised $10 million in recent funding.

Funding within the Australia-based firm was led by Commencer Capital with MC Fiduciary, BridgeLane Capital and personal traders additionally collaborating.

The corporate, which was based in 2015, has additionally appointed Simon Lehman as its chair.

Lehman was previously co-founder and chairman of Vacasa Europe and a board member of HomeAway.

The funding will go in direction of enlargement throughout Australia in addition to additional improvement of MadeComfy’s know-how and information analytics platform.

The corporate mentioned it has “roared again to life over the previous 12 months, turning into EBITDA constructive and exceeding $20 million in annualized income with an annual progress price of over 120%.”

“Tourism and company journey on this nation have bounced again strongly and we’ve absolutely capitalized on it. Over 250 firms now use our platform to search out and ebook lodging,” mentioned Quirin Schwaighofer, co-founder and co-CEO of MadeComfy.

“We’re now unlocking new avenues for progress, together with upgrades to our B2B platform, increasing to new areas with New Zealand as our first worldwide enlargement, and securing extra company companions.”

Regardless of an total slowdown in journey startup funding, the short-term rental section continues to pique investor curiosity with Whimstay, Kindred and Vacation Swap all saying rounds in latest weeks.

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