Hospitable Raises $1.5M from Community to Become Short-Term Rental 'Super App'
Hospitable, a leading property management software provider, has secured over $1.5 million in funding from its own community, marking a significant milestone for the company. The funds will fuel Hospitable's ambitious plans to become a 'super app' for short-term rental operators.
Hospitable, serving over 18,000 active customers in 119 countries, has seen remarkable growth. In 2024 alone, the company processed $4.6 billion in reservation income for its customers. With a $22 million annual run rate revenue and a 46% year-to-date growth, Hospitable is well-positioned in the market.
The company's success can be attributed to its innovative approach. It has introduced AI-powered tools and launched Hospitable Academy to enhance user experience. Moreover, it has fostered a strong community network, reflected in the recent launch of the Community $HOST Grant. This initiative rewards the ten most active contributors with $1,000 each month.
Hospitable's unique community-owned model has enabled it to raise funds directly from its customers and employees. The funding comes from 100 people across 32 countries, demonstrating the community's commitment to the company's future. CEO Pierre-Camille Hamana expressed gratitude, stating that Hospitable is 'built side by side with its community'.
The company plans to use the funds to accelerate its product roadmap, including a $250,000 agreement with OpenAI to deepen its use of AI. This investment is set to further enhance Hospitable's offerings and solidify its position as a 'super app' for short-term rental operators.
Hospitable's successful funding round, driven by its community, underscores the company's strong connection with its users. With ambitious plans to expand its AI capabilities and consolidate multiple functions into one platform, Hospitable looks set to continue its impressive growth trajectory.
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