TOP 100 Swiss Startup Award 2019 Public voting winner GuestReady secured a convertible loan of more than €2,4 million

04.01.2021 14:21, Guillaume Tinsel

The Swiss startup GuestReady that won the TOP 100 Swiss Startup Award Public Voting in 2019, is now the leading short-term rental management platform. They operate in 20 countries worldwide and have just secured a convertible loan of more than €2,4 million to scale-up its product offering.

The investment of more than €2'440’000 is from 820 investors in the form of a convertible loan note via Seedrs with part of the investment coming from the 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.

GuestReady is a globally leading tech-enabled short-term rental management company. The company helps property owners to rent their properties on platforms such as Airbnb, Booking.com, or HomeAway. It has managed a portfolio of around 2,500 properties, worth over $1 billion and reached over 1,200,000 cumulative guest nights sold. GuestReady's services include everything from listing creation to guest communications, housekeeping, key management, and price optimization. Guestready is currently actively operating in over 20 cities worldwide, including cities such as Paris, London, Lisbon, and Dubai. The company has also built a team of 100 employees that will support its next phase.

Founded in 2016 by three Swiss founders, Alexander Limpert, Christian Mischler, and Patrick Degen, the company currently manages over 2,000 properties across Europe, the Middle East, and Asia and has sold over 200,000 nights to guests. The company raised an aggregate of close to CHF 10M. In 2018 it won the Serviced Apartment Award as the Best Service Provider and was named one of the Hot 25 Startups for 2019 by Phocuswire. In 2019, it was elected at the first place on the Public Voting of the TOP 100 Swiss Startup Award. They had also previously participated at the Innosuisse Startup Training in ICT.