limehome, the operator of fully digitised design serviced apartments in Europe, has closed a funding round of 45 million euros in new growth capital.
AW Rostamani Group and Capital Four are investing in the Munich-based start-up for the first time. Current investors HV Capital, Picus Capital and Lakestar are also renewing their investment in the funding round.
The Munich-based company intends to use the additional capital primarily for expansion. In addition to further organic growth, part of the capital will also fund acquisitions of existing operators, where limehome has been able to achieve significant performance increases in the past.
Furthermore, limehome will further enhance scalability and high service levels through further development of its proprietary technology platform.
The last few years have shown that our fully equipped design serviced apartments with a digital customer journey and consistent quality are very popular in both the leisure and business segments. With the support of our investors, we will continue to develop our concept and bring it to new markets.
Josef Vollmayr, Co-Founder and Managing Director of limehome
Our two new investors appreciate the combination of high growth and a highly profitable existing business. We are delighted with their confidence in our vision and feel confirmed that we are on the right track to develop limehome into a highly profitable technology-based operator of design serviced apartments.
Cesar de Sousa Freitas, Managing Director of limehome
Market expansion in additional European countries is imminent, for instance in Germany, Hungary and Spain. Currently, limehome is already present in over 100 locations and has more than 3,000 apartments under contract in seven countries.