If you’ve ever splurged on a top-of-the-line airbnb stay, you’ll have a pretty good idea of what Munich-based limehome has on tap. But instead of just one or two in the listings, limehome’s entire catalogue is chock full of premium stays.
And while design touches are certainly a treat to the senses, another plume in limehome’s cap arrives via its fully digitised experience. Meaning, the platform automates just about everything you can think of: pricing to booking, check-in, cleaning, customer service, and invoicing.
Removing the human-error/dissatisfaction equation, limehome claims that this digitised guest journey provides higher efficiency in operation and space utilisation, thereby allowing smaller locations to be operated profitably; locations that are perhaps not the most economically attractive for conventional hotel concepts.
And the proof is in the pudding: according to the startup, they’ve been able to maintain occupancy rates around 90 percent across their portfolio for the past year. Even during the pandemic months, limehome was able to achieve a similarly high occupancy rate, exceeding average market levels multiple times. Lockdowns?
Founded in 2018, limehome is active in over 100 locations and claims it has more than 3,000 apartments under contract in six countries.
Now, armed with a fresh €45 million, limehome aims to expand even further afield, both organically and via the acquisition(s) of particularly lucrative existing operators.
"Our two new investors appreciate the combination of high growth and a highly profitable existing business. We are delighted with their confidence in our vision and feel confirmed that we are on the right track to develop limehome into a highly profitable technology-based operator of design serviced apartments," commented limehome MD Cesar de Sousa Freitas.
Limehome’s €45 million growth capital round was provided by new investors AW Rostamani Group and Capital Four, while existing investors HV Capital, Picus Capital, and Lakestar continued their support. To date, limehome has raised a total of €87.4 million.