MadeComfy scores $10 million for enlargement and tech growth

Brief-term rental and property administration platform MadeComfy has raised $10 million in recent funding.

Funding within the Australia-based firm was led by Commencer Capital with MC Fiduciary, BridgeLane Capital and personal traders additionally collaborating.

The corporate, which was based in 2015, has additionally appointed Simon Lehman as its chair.

Lehman was previously co-founder and chairman of Vacasa Europe and a board member of HomeAway.

The funding will go in direction of enlargement throughout Australia in addition to additional growth of MadeComfy’s know-how and information analytics platform.

The corporate stated it has “roared again to life over the previous yr, changing into EBITDA constructive and exceeding $20 million in annualized income with an annual progress fee of over 120%.”

“Tourism and company journey on this nation have bounced again strongly and we’ve absolutely capitalized on it. Over 250 corporations now use our platform to search out and e-book lodging,” stated Quirin Schwaighofer, co-founder and co-CEO of MadeComfy.

“We’re now unlocking new avenues for progress, together with upgrades to our B2B platform, increasing to new places with New Zealand as our first worldwide enlargement, and securing extra company companions.”

Regardless of an general slowdown in journey startup funding, the short-term rental phase continues to pique investor curiosity with Whimstay, Kindred and Holiday Swap all saying rounds in latest weeks.