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Long-Term Business Apartment Marketplace Homelike Raises $14M From Spark Capital and Existing Investors to Strengthen Market LeadershipCOLOGNE, Germany, Aug. 23, 2018 /PRNewswire/ -- Homelike, the leading marketplace for long-term business apartments, today announced that it has raised a $14 million funding round led by Spark Capital with participation of existing investors Cherry Ventures, Lürssen and coparion. "Spark Capital is a top global investor that shares our obsession with building amazing products and will help us to continue growing the best platform for temporary business apartments in the market," says Dustin Figge, CEO and Co-Founder of Homelike. Founded in 2015 by Dustin Figge and Christoph Kasper, Homelike offers 45,000 furnished apartments tailored for business travelers. To date, the company has accommodated guests for over 700,000 nights across 100 European cities including: London, Berlin, Munich, Hamburg, Cologne, Stuttgart, Heidelberg, Vienna and Zurich. Homelike provides a best-in-class booking experience for business travelers seeking high-quality long-term apartments from professional suppliers looking to rent units for 30 nights or more. The company's end-to-end booking platform makes booking furnished business apartments as easy as booking hotel rooms. Homelike's tech-enabled booking experience ensures a quick and frictionless process for both suppliers and corporate clients. With offices in Cologne and expansion to London this month, Homelike partners with a network of apartment suppliers, tapping into their portfolios to offer units that meet strict quality criteria and are specifically tailored to the needs of business travelers. An integrated unit management system allows suppliers to easily track bookings, invoices, rental agreements, and unit performance. "Homelike targets one of the fastest growing rental segments with a global market volume of $160 billion that is still mainly served offline by cumbersome processes. We strongly believe that Homelike's technology platform and convenient user experience will play a significant role in changing the way corporations book long-term apartments," says Alex Finkelstein, Partner at Spark Capital. Homelike serves over 15,000 corporate clients across the globe, including Capgemini and Thoughtworks, and ranging from small startups to large multinational corporations in various industries and locations. Homelike's seamless interface, which includes individual corporate logins and user management (e.g. user rights management) as well as digital travel management with travel policy configuration and thrd-party integrations, enables corporations to manage temporary housing across their entire organization. Homelike also handles the monthly payment process including invoicing with VAT, processes electronic signatures of online rental agreements, and offers a premium insurance to its users in cooperation with AXA. "Compared to the online solutions and product features used by the hotel industry, the furnished apartment space is 10-15 years behind and we are working hard to close this gap every day," says Dustin Figge. The new capital will be used to scale the company, improving technology and product in order to further strengthen Homelike's leading market position. Homelike will also be investing in the expansion of its apartment portfolio into new international business travel destinations. The company currently employs 85 employees and is hiring in all areas, especially in tech and product. About Homelike About Spark Capital About Cherry Ventures About coparion For More Information, Please Contact: Related Images logo.jpg homelike-founders.png homelike-apartment.png spark-capital-logo.png View original content with multimedia:http://www.prnewswire.com/news-releases/long-term-business-apartment-marketplace-homelike-raises-14m-from-spark-capital-and-existing-investors-to-strengthen-market-leadership-300701302.html SOURCE Homelike |