TravelNest is a central platform for holiday rental hosts to manage all of their advertising in one place, providing a dashboard on the ads’ data and the property’s performance. The platform is free with TravelNest earning revenue via commissions from ads booked through the platform.
We see a very large opportunity to create value by intelligently matching supply and demand. With this experienced group of investors we have support for the long run...Doug Stephenson, CEO, TravelNest
The vacation rental market is tipped to be worth $193 billion, said the company, driven by the likes of Airbnb and Booking.com. However, the landscape is rather fragmented with hosts needing to manage several different avenues for advertising and renting their properties.
The new capital will be invested in growing its engineering team and further product development. The bulk (90%) of the company’s business is the UK with a view to expanding internationally...