Hospitable Launches Community $HOST Grant, Raises $1.5M in Customer-Funded Round
Hospitable, a leading property management software provider, has launched the Community $HOST Grant, rewarding its top ten active contributors monthly. The company has also raised over $1.5 million in funding, directly from its customers and employees across 32 countries, fostering a community-owned model.
Hospitable's impressive growth is evident in its financials. In 2024, the company processed $4.6 billion in reservation income, serving over 18,000 active customers in 119 countries. This translates to a $22 million annual run rate revenue and a remarkable 46% year-to-date growth. Hospitable's success can be attributed to its 'super app' strategy, which includes AI-powered tools and the launch of Hospitable Academy, along with the expansion of the Hospitable Hosts Community network.
The company plans to use the raised funds to accelerate its product roadmap. Notably, Hospitable has agreed to a $250,000 deal with OpenAI to enhance its use of AI. While specific investor names are not disclosed, Hospitable's funding comes from a diverse global community, reflecting its commitment to inclusivity and customer-centric approach.
Hospitable's Community $HOST Grant and successful funding round demonstrate its dedication to rewarding and engaging with its community. With a robust financial performance and ambitious plans for growth, the company is set to continue its impressive trajectory in the property management software sector.
Read also:
- TikTok's deal negotiations continue following a conversation between Xi and Trump
- Trump announces agreement with Chinese authorities on TikTok deal
- Quantum Computing Market in the Automotive Sector Forecast to Expand to $6,462.13 Million by 2034
- Texas finalizes 1.8 billion dollars for the construction of solar, battery, and gas-fueled mini-grids
