Frontdesk Raises About $6 Million for Short-Term Rentals: Travel Startup Funding This Week
Sean O'Neill
May 1st, 2020 at 1:00 AM EDT
Skift Take
This week, travel startups announced about $9 million in funding. Lucky companies include Frontdesk, a short-term apartment rental manager, ZuBlu, a booking service for underwater adventures, Arcis Tours, which runs BLive-branded electric bike tours in remote Indian locales, and Privadia, a rental agency for luxury villas.
This week, travel startups announced about $9 million in funding.
>>Frontdesk, a short-term apartment rental manager, has closed a $6.8 million Series A round.
This financing involves a mix of debt and equity, and it comes on the heels of the Milwaukee-based company's $2.75 million bridge round, raised in the summer of 2019.
Frontdesk operates in 28 cities with over 500 serviced apartment suites. It recently had to lay off 35 of its 241 workers as a way to conserve cash during the coronavirus pandemic.
More than 60,000 people have stayed as guests since the company's founding in 2017, said Co-Founder and CEO Kyle Weatherly.
>>ZuBlu, a Scuba diving and underwater adventure booking service, has raised $1 million in seed funding.
Wavemaker Partners led the round. Mana I
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