Pass The Keys, an Airbnb management platform, has closed a £350,000 Seed round led by Talis Capital. It plans to utilize the funds for further technological development, customer service and market expansion.
Alexander Lyakhotskiy, co-founder, and CEO of Pass The Keys commented,
We are very excited about the backing from Talis Capital. These new funds will allow us to take the company to the next stage of development and help us further improve the service we provide to our clients, as well as accommodating the increasing demand in the market.
The London-based PropTech startup, founded last year, provides a full management service for owners of short let properties. It offers a host of property related services: from listing and advertising, to guest screening and communications, to cleaning services, provision of necessities and linen, key management, laundry, accounting and reporting and achieving maximum occupancy. It even makes sure to provide a welcome guest booklet for the occupants!
With Pass The Keys, you can, therefore, maximize your income when your property is vacant. With the generous new round of funding, PassThe Keys plans to invest the funds into further technological development, customer service, and market expansion. Pass The Keys has also recently been accepted into the London Business School incubator program, quite an accolade for the young startup.
Vasile Foca, co-founder and managing partner of London-based VC firm Talis Capital, commented,
PropTech, particularly on the property management side, is fast becoming the key enabler for property owners to capitalise on the opportunities within the On-Demand economy, and is a sector we have been following closely for some time. Alexander and his team have created a truly differentiated offering in Pass the Keys in what is such a fragmented market, and we are very excited to begin our journey with them.
This branch of Airbnb is, therefore, getting on the ground, and really bridging gaps between people who want to let out their property for small periods and the know-how that is preventing them from doing so. It will surely lead to a thriving, robust market of potential Airbnb-ers!