Journal: How we raised over £7 million

May 16, 2018

At the beginning of March, we set out with the goal of raising funds to help us expand into new markets, as well as develop and improve our technology. Within just 4 days of opening our crowdfunding campaign, we had already hit our initial target of £1 million! 

2 months, 5 new cities and over 1,000 investors later, we’re proud to say we raised a total of over £7 million thanks to a hugely successful campaign on Seedrs.

On the 9th of May, our crowdfunding officially ended. Here are some of the highlights:

  • Raised £5 million in Series A investment from investors including Atami Capital, Concentric, Maxfield Capital and Pi Labs in March. These funds were reflected in our Seedrs campaign.
  • Crowdfunding campaign opens, hitting £1 million in just 4 days.
  • Attracted over 1,200 investors from around the world
  • Launched in 5 new cities - Oxford, Manchester, Bath, Cambridge and Toronto (yes Toronto!)

Currently operating in 14 cities around the world, our aim is to expand into 38 new cities by the end of 2019 and with this funding, we can achieve this. Additionally, the funding will help us develop technology to automate processes, including smart scheduling, automatic communication with guests and API integrated channel management, all helping to make hosting with Houst hassle-free.

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