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Homerez raised €4 millions to develop its service for vacation rental owners

Paris, 11/04/2016 - With thousands of vacation rental owners distributed over 100 global leading sites bringing over 25,000 happy guests since its inception, HomeRez is pleased to announce a fundraising of € 4 million.

Homerez raised €4 millions to develop its service for vacation rental owners

 

Paris, 11/04/2016 - With thousands of vacation rental owners distributed over 100 global leading sites bringing over 25,000 happy guests since its inception, HomeRez is pleased to announce a fundraising of € 4 million.

 

HomeRez is the brainchild of three former Booking.com directors that have identified a gap in the market for a service that helps the 3 million vacation property owners across Europe maximize rentals of their holiday homes.

 

Since its launch in January 2014, HomeRez has helped thousands of international homeowners significantly increase their rental income and save valuable time. With several thousand vacation rental owners distributed over 100 global leading sites, HomeRez, since its inception, has delivered over 25,000 satisfied guests.  We see this number increase daily as more and more homeowners realize value in the service offered by HomeRez. Homerez currently boasts a 250% growth in Q1 2016 for room nights booked and a 100% increase in revenue per home rental.

 

Homerez connects vacation rental owners to hundreds of leading vacation rentals sites across the world (including Homeaway, Airbnb, Booking.com, Tripadvisor and many more).  We provide revenue management tools, manage calendars in real-time, create property descriptions in 5 languages and handle all communication with potential guests to ensure maximum occupancy -  whilst saving time for owners.

 

The funds raised will be primarily devoted to technology, international expansion and developing new services to vacation rental owners.

 

The fundraising was conducted with Entrepreneur VentureXAnge and business angels, including Nicolas Brumelot(Founder Go Voyage, Founder MisterFly) , David Roche (ex President Hotels.com) Pablo Szefner (Justfab)  and Frederic Halley.

 

Rachel HowesKamal Bounajma and Loic Dupont commented “We are extremely happy to welcome such prestigious investors and advisors to our business and we are looking forward to helping more owners around the world”.

 

Bertrand Folliet, Partner at Entrepreneur Venture, adds: "Homerez provides an effective solution to help holiday rental owners save time and increase their revenue. The extremely rapid growth in the number of clients working with HomeRez demonstrates the relevance of the service they offer. We have also been convinced by the founders who have a strong experience and expertise in the tourism industry"

 

Bartosz Jakubowski, Associate at XAnge commented “We believe people are now willing to feel like home when traveling, a feeling of authenticity in their lodging facilities. To this end, Homerez is bringing to individual homeowners what Booking brought to hotels: professional, immediate and hassle-free visibility and booking processes.

 

HomeRez intends to allocate a significant portion of its funding to technology, improved processes improvement, better platforms, and new services, along with expanding their distribution -  always with the goal bearing in mind their aim to better serve their current and future owners clients.

 

Another part of this funding will be allocated to HomeRez’s international expansion. This is the logical next step for HomeRez, who will begin opening new offices abroad later in the coming year.

 

 

 

 

 

About HOMEREZ

HomeRez was founded in February 2014 by Kamal BOUNAJMA (Ex Director booking.com  EMEA), Loic Dupont (Ex Director Hotels.com EMEA) and Rachel HOWES (Ex Director Booking.com UK / EMEA North).

HomeRez actively works with an ever-growing number of international property owners in order to market their properties throughout the year.

The HomeRez reservation center offers travellers a seamless booking experience and provides homeowners with the most effective platform to maximize their sales.

Its two main activities are the publication of contracted HomeRez properties using our connections with over twenty vacation rental sites, along with and rapid response time to all  reservation requests coming  from travelers, coupled along with  superior customer service.

 

About XAnge Private Equity (Siparex)

XAnge Private Equity is an asset management company based in France and Germany, and organized around two activities:

Capital Innovation: investment in innovative digital start-ups digital

Capital Development: Investment in SMEs in all sectors, whether in the growth phase, transmission or reclassification.

XAnge’s dynamic management team invests primarily in ambitious, "breaking" projects, known as "breaking", along with dynamic management teams. Long-term support for entrepreneurs in the implementation of their strategy; in the long term, this is the XAnge’s mission of XAnge. In the service of the real context of today’s economy and growth, XAnge is a responsible investor, concerned with respectful of ethics and the environment.

 

About Entrepreneur Venture

Founded in 2000, Entrepreneur Venture is an independent, AMF-authorized management company specializing in unlisted, owned and managed by its founders. It manages three venture capital funds and 16 local investment funds, covering 12 metropolitan areas. Managed Total assets managed are € 500 million, € 300 million raised to date on the FIP ISF, which grants giving Entrepreneur Venture a leading position in this segment.

The founders and current management of Entrepreneur Venture are former entrepreneurs who successfully experienced various stages of a business life: from creation or reorganization, to sale and IPO.

The team performed over 90 investment transactions, as a minority partner, in companies from all sectors (industry, e-commerce, media), but primarily with tech companies, such as Synthesio, S4M, Zengularity or eNovance (acquired by Red Hat in June 2014).

 

About Financière Cambon

Financière Cambon is a specialist investment bank for growth companies in the Small and Mid Market, or accompanying businesses in transactions with a value of 20 to 200 million. Created in 2003, Financière Cambon has successfully conducted over 120 operations through from its offices in Paris, London and San Francisco. Financière Cambon ranks each year in the Top 5 players in M ​​& A Mid-Market in France (standings Thomson Reuters, Mergermarket and makers)

 

Website http://www.homerez.co.uk

Contact: Loic Dupont (Co-founder)

Phone number 0033614798631