Cleanliness, preparation, care and maintenance are important features of property rental to ensure a good turnover to new tenants.
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Boston-based Breezeway secured $8 million in Series A funding to help property managers cross those jobs off their list.
“Safety is the biggest trend in travel right now, as COVID-19 means you have to be more detail-oriented about protocol,” Jeremy Gall, founder and CEO of Breezeway, told Crunchbase News. “We are providing property managers with tools to drive efficiency, get the right person to do the right job at the right time and validating, for us, that clients can get more done with less people.”
Schooner Capital led the new round of funding with participation from existing investors Tamarisc Ventures, Krillion Ventures and Launch Capital. The company, founded in 2015, had previously raised $5 million in three funding rounds, the most recent being December 2019, according to Crunchbase data. The company has put that funding together, with the new $3 million, under the Series A, Gall said.
The new funds will enable Breezeway to expand its platform, develop its intelligent operations software and continue to build out a marketplace of services.
In addition to the investment, Breezeway announced that vacation property guru Simon Lehmann has joined its board of directors.
“I have known him for many years, when he was on the board of HomeAway, and I think Simon is one of the best strategic thinkers in the industry,” Gall said. “He is a big addition to the board.”
Gall is no stranger to the vacation rental marketplace, either. He and two others co-founded FlipKey, a booking platform platform that enabled people to book a place to stay. The company was acquired by TripAdvisor in 2008.
The company has 30 employees currently, up from 20 last year. He expects to add another eight by the end of the year and another 12 over the next 12 months, as well as expand Breezeway’s team in Europe. It is also working with more than 400 clients in 15 countries.
“We are developing a messaging service that can communicate between tenants, guests and owners, telling them what you are doing,” Gall said. “We plan to continue to add more resources and automation.”
Illustration: Dom Guzman