Portfolio Updates|
limehome raises $45m in growth capital
We’re excited to share that our portfolio company limehome, the leading technology-based provider of design apartments in Europe and operator of fully digitised design serviced apartments, raised a $45m funding round. The fresh capital will be used for limehome’s expansion, acquisitions, and development of its proprietary technology platform.
Lakestar’s proud to have renewed its investment in limehome. W Rostamani Group, Capital Four, HV Capital, and Picus Capital also participated in the round. limehome’s growth has been incredibly inspiring, so we’re truly delighted to continue the journey with Josef Vollmayr and Cesar de Sousa Freitas, as well as the entire limehome team.
limehome is "designed to stay", providing a fully digital guest journey from booking to check-out and invoicing. Guests can experience maximum comfort with no waiting times, providing flexibility for their travel arrangements. Thanks to its proprietary operating platform, limehome automates all the conventional processes of a hotel’s operation.
“With the support of our investors, we will continue to develop our concept and bring it to new markets”
Dr. Josef Vollmayr, Co-Founder and Managing Director of limehome said, “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.”
The fully equipped suites meet the highest standards in relation to functionality, comfort and design across all locations, and they are designed for short term and long term stays alike. Based on the tech-based operator model, the premium design serviced apartments can be offered at the price of a standard hotel room.
The digitalised guest journey gives higher efficiency in operation and space utilisation also allowing smaller locations to be operated profitably; locations which are not economically attractive for conventional hotel concepts.
Cesar de Sousa Freitas, Managing Director of limehome said, “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.”
For over a year, occupancy rates across limehome’s portfolio have been around 90% with high profitability across all locations. Even during the pandemic, limehome was able to achieve a similarly high occupancy rate, exceeding average market levels multiple times. Since its founding in 2018, the Munich-based start-up has expanded into more than 100 locations and has more than 3,000 apartments under contract in seven countries.
Read more about the funding round here.
Explore limehome’s apartments: limehome.com
