Limehome offers furnished apartments for short-term and long-term rental The entire check-in and check-out process is digital and requires no personal contact. The startup has also grown significantly during the pandemic: According to company figures, Limehome tripled its annual revenue during the pandemic years. The Munich-based company currently operates at over 100 locations in seven countries, most recently expanding to HungaryMarket entry into other European countries is imminent.
The additional capital of €45 million that has now been raised will be used for this planned expansion. In addition to further organic growth, a portion of the capital will also be used for acquisitions of existing operators. Limehome also intends to further expand the scalability and service level of its own technology platform.
Two new investors, AW Rostamani Group and Capital Four, have invested in Limehome. Founded in Dubai (UAE) in 1954, AW Rostamani Group is one of the Middle East's leading conglomerates. The company has revenues of over $2 billion and, through its subsidiaries, operates in sectors including automotive, real estate, retail, lighting solutions, travel, and logistics. Capital Four is a credit asset management boutique headquartered in Copenhagen. The company claims to manage over 15 billion euros.
Limehome: “We see confirmation that we are on the right track”
"Our two new investors value the combination of high growth and a highly profitable existing business. We are pleased with their confidence in our vision and see it as confirmation that we are on the right path to developing Limehome into a highly profitable, technology-based operator of designer apartments,"
says Cesar de Sousa Freitas, Managing Director of Limehome.
"Recent years have shown that our fully equipped designer apartments with a digital customer journey and consistent quality are very popular in both the leisure and business segments. With the support of our investors, we will continuously develop our concept and bring it to new markets,"
supplemented Josef Vollmayr, co-founder and managing director of Limehome.
"We invested early in Limehome's innovative business model. We see this as confirmation of the company's exceptional development. We are convinced that Limehome will further expand its leading position as a technology-based operator in Europe through its clear concept and strong implementation,"
so Fabian Gruner, Principal at the investor HV Capital. HV Capital, along with Picus Capital and Lakestar, is one of Limehome's existing investors. All three have invested again in the Munich-based startup in the current financing round.
