Homelike closes €4m Series A led by Cherry Ventures

B2B temporary housing booking platform Homelike as closed its Series A funding round on €4m.

The investment was led by Cherry Ventures and also saw a commitment from existing investor coparion.

Germany-based Homelike helps users find temporary accommodation for people moving to new cities for work. Through the platform corporates and business travellers are able to book a fully furnished apartment, with the whole process from searching to payment, completed online.

Founded in 2014, the company has over 10,000 corporate customers and have helped book more than 400,000 nights, according to the company. Currently the company is in operation in 100 cities with 30,000 apartments, across Germany, Austria, Switzerland and the UK. The platform also offers insurance in partnership with AXA.

The latest round of funding will be used to expand operations into more travel destinations and hire more staff across the company.

Homelike founder and CEO Dustin Figge said, “We recognised that business customers are a largely underserved segment in the rental market, which is generally shifting into the direction of furnished and serviced living. Similar to the shift we are experiencing in transport and mobility, we believe that the rental market will develop towards a ‘living-as-a-service model.”

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