Going into the merger, all four were profitable, having all been boostrapped from day one. Altido is looking to raise a Series A in the tens of millions of dollars. It is not disclosing its valuation currently although the fact that it already has an international presence and profitability have helped it in this area, Allen said. Altido provides an end-to-end service for those who do not want to play host, alongside a business where it also helps maintain and manage service apartments and aparthotels and guesthouses.
“We see tech as a big enabler,” Goncalo Ribeiro, the founder of RentExperience, said in an interview. Areas that it hopes to address include “ regulation risk, potential growth rates, historic market data, marketing calculations and more. Any decision we take we want to be proven by data.
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