Lodging Site Raises $4 Million in Funding and Requires Subscriptions
A very creative headline writer at TechCrunch compares Demeure with Airbnb. With its subscription plans for travelers and trading of properties with five bedrooms and seven bathrooms, Demeure has as much in common with Airbnb as Four Seasons does with Motel 6.
Excerpt from TechCrunch
Canada-based travel marketplace Demeure has raised $4 million in its third round of seed funding from about 50 Canadian private investors. This brings the startup’s total funding to about $8 million, but it has not yet raised any institutional funding. After a 24-month pilot, Demeure’s platform for buying and selling properties launched publicly last week.
Demeure targets higher-end travelers by using a service subscription model, where renters and owners can choose between an entry level account or a premium account for added benefits. Users list and search properties based on location, bedrooms, budget and keyword. They can also bid on specific rental homes listed on the site.