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. Even during the pandemic, the startup was able to grow significantly: According to company information, Limehome tripled its revenue annually during the pandemic years. Currently, the Munich-based company operates at over 100 locations in seven countries, and recently expanded to Hungary. Market entry into additional European countries is imminent.
The newly raised capital of 45 million euros is intended to fuel this planned expansion. In addition to further organic growth, part of the capital will also go into acquisitions of existing operators. Limehome also wants to further expand the scalability and service level of its own technology platform.
With AW Rostamani Group and Capital Four, two new investors have invested in Limehome. Founded in 1954 in Dubai (UAE), the AW Rostamani Group is among the leading conglomerates in the Middle East. The company generates over 2 billion dollars in revenue and, through its subsidiaries, operates in automobiles, real estate, retail, lighting solutions, travel, and logistics. Capital Four is a credit asset management boutique headquartered in Copenhagen. According to the company, it manages over 15 billion euros.
Limehome: “We see this as confirmation that we’re on the right track”
“Our two new investors appreciate the combination of high growth and a highly profitable existing business. We’re delighted by their confidence in our vision and see this as confirmation that we’re on the right track to develop Limehome into a highly profitable, technology-driven operator of design apartments”,
says Cesar de Sousa Freitas, CEO of Limehome.
“Recent years have shown that our fully equipped design apartments with digital customer journey and consistent quality appeal greatly in both leisure and business segments. With our investors’ support, we will continuously develop our concept further and expand into new markets”,
adds Josef Vollmayr, co-founder and CEO of Limehome.
“We invested early in Limehome’s innovative business model. We see ourselves validated by the company’s extraordinary development. We are convinced that Limehome will further strengthen its leading position as a technology-driven operator in Europe through its clear concept and strong execution”,
says Fabian Gruner, Principal at investor HV Capital. HV Capital, along with Picus Capital and Lakestar, are existing investors in Limehome. All three have also reinvested in the Munich startup in the current funding round.
