GuestReady, a London-headquartered short-term rental management startup has raised $6 million in its Series A led by Dubai-based VentureSouq and existing investor Impulse VC, the startup announced yesterday. The round takes total investment raised so far by GuestReady to $9.8 million. Business Incubator and Accelerator Company, VentureSouq’s Saudi partner that happens to be a subsidiary of Saudi sovereign wealth fund, also supported the investment. Some high-net-worth individuals from GCC also participated in the round.
Founded in 2016, GuestReady manages residential properties on behalf of hosts for short-term rentals. They turn vacant residential properties into short-term rental accommodations and then rent them using different online platforms including Airbnb, Booking.com, Experida’s HomeAway and some offline mediums as well. The startup, per statement, helps property owners to increase their revenues by delivering a hotel-quality experience to guests, “The set of services goes beyond housekeeping and guest check-in, GuestReady also helps property owners to ensure their asset stays in shape, is well maintained, and continuously delivers the maximum return on their investment.”