limehome, a technology-based provider and operator of fully digitalized design apartments in Europe, draws a very positive balance of the completed fiscal year 2022, and aims to perform even better in 2023.
In 2022 limehome opened new serviced apartments in 24 cities in Germany and Europe. This gives the Munich-based company over 3300 opened and planned suites in more than 110 locations in Germany, Austria, the Netherlands, Belgium, Spain, Portugal and Hungary.
In Germany, limehome completed its presence in all German A-cities with the opening in Düsseldorf. With signings in Amsterdam, Barcelona, Budapest, Vienna and Porto, the company was able to further expand its presence in European tourist metropolises in 2022.
limehome more than tripled its revenue in all four quarters compared to 2021. Despite significant investments in new locations, the hospitality provider was already able to show a positive EBITDA result from the middle of the year.
The company enters the new financial year with around 45 million euros in growth capital. In the fall of 2022, existing investors HV Capital, Picus Capital and Lakestar renewed their investments. AW Rostamani Group and Capital Four also invested in the hospitality company for the first time.
limehome plans to use the capital raised for expansion in existing markets, new markets such as Portugal and Italy, and strategic acquisitions of existing operators. It also intends to use the funds to further expand the scalability and high service level of its own technology platform.
We are delighted with the successful completion of fiscal year 2022. We have achieved our ambitious goals despite a challenging year for the industry, proving once again how great the potential of our business model is. This is a strong signal to the market.
Sousa Freitas, CEO of limehome
