Lavanda raises $5m investment to legitimise Airbnb-style rentals
Lavanda, a technology platform enabling institutional real estate portfolios to profit legitimately from Airbnb-style homestays and homesharing, has secured a $5 million Series-A round led by Henley Ventures. The investment brings Justin Meissel, Henley CIO and MD Europe to Lavanda’s board with Harry Hill, founder of Rightmove, as non-executive director.
Lavanda’s SaaS platform provides residential landlords and asset managers with a toolkit to execute high-yielding, hospitality-led short and medium term rental strategies uniformly across both domestic and international portfolios.
A key feature of the platform is the flexibility that it offers customers; users can manage operations themselves, or tap into a curated marketplace of best-in-class local management companies operating within the Lavanda ecosystem.
10,000 units are managed on the Lavanda platform and customers include some of the world’s best known real estate portfolios and managers – including JLL, Savills and LaSalle,.
Justin Meissel, Henley CIO and MD Europe, said, “Lavanda legitimises and institutionalises short and medium-term rental options for commercial landlords, providing a best-in-class tech solution. As owners, operators and developers of over 10,000 residential units, Henley has first-hand exposure to the income uplift potential driven by Lavanda’s model. Henley Ventures is pleased to be supporting Lavanda and their top notch team as their business goes global.”
