Tech platform Lavanda has secured a $5m (拢4m) funding round led by the investment arm of private real estate investor Henley Investments.
Founded in 2014, the firm鈥檚 SaaS platform enables landlords and property managers to tap into legitimate short and medium-term rental demand to target markets include multifamily, build-to-rent (BTR), student housing, serviced apartment and vacation rental portfolios.
As part of the investment Justin Meissel, Henley CIO and MD Europe will join Lavanda鈥檚 board. He will sit alongside Harry Hill, founder of Rightmove, as non-executive director.
鈥淟avanda legitimises and institutionalises short and medium-term rental options for commercial landlords, providing a best-in-class technological solution,鈥� said Meissel.
鈥淎s owners, operators and developers of over 10,000 residential units, Henley have first-hand exposure to the income uplift potential driven by Lavanda鈥檚 model.
鈥淗enley Ventures is pleased to be supporting Lavanda and their top notch team as their business goes global.鈥�
Guy Westlake, founder of Lavanda added: 鈥淭raditional hospitality, travel and real estate industries are converging fast. By providing landlords and developers with the missing technology toolkit to harness this global trend, Lavanda unlocks a new wave of innovation for residential real estate.
鈥淭he partnership with Henley and their investment into the business enables us to take a major step towards realising our vision; to become the de facto technology platform powering a compliant global short and medium-term rental ecosystem.鈥�