Greek startup Syncbnb, which offers property owners to synchronise calendars across major vacation rental platforms, has raised $380,000 in a funding round led by Athens-based Velocity.Partners. The startup, which currently employs nine people, is planning to use the money to further scale its product and enter the Spanish-speaking markets.
“Having been an owner myself, trying to manage my properties on multiple channels has been a challenge,” said Alexander Caravitis, co-founder and CEO of Syncbnb. “I tried different channel managers, but most of them either didn't support two-way synchronization or didn't offer it in real-time and there were instances where I ended up with a double booking and negative reviews.”
The company cites a survey it ran with property owners across the world to state that listing on multiple channels increases revenue by an average of 2.2 times.
Priced at $15 per property per month ($13 per month with annual billing), Syncbnb supports more than 200 platforms, however, users can only synchronise their calendars across ten of them at any given time. It also offers a “Zero Double Booking Guarantee,” promising to refund the user's losses due to a double booking if it occurs when they use the platform.