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Aditya Hadi Pratama · · 1 min readVacation rental startup to expand in Southeast Asia after bagging $30m
H2O Hospitality, a Japan-based vacation rental management firm, announced that it has raised US$30 million in its latest funding round.
More funding details
- Lead investor: Kakao Investment
- Other investors: Korea Development Bank, Gorilla Private Equity, InterVest, Nice Investment, and Kejora-InterVest Growth Fund
- Stage: Series C
More company updates
- In a statement, H2O Hospitality declared its plans to expand in Southeast Asia. One of its new investors, Kejora-InterVest Growth Fund – a joint fund between venture capital firms Kejora Ventures and Intervest – focuses on startups in the region.
- H2O Hospitality currently operates around 7,500 accommodations in Tokyo and Thailand’s capital Bangkok as well as Seoul and Busan in South Korea.
- The company also plans to use the fresh funds to broaden its service offerings.
- In 2020, the startup raised US$7 million in a series B funding round from Samsung Ventures, Stonebridge Ventures, IMM Investment, and Shinhan Capital. H2O Hospitality’s total funding reached US$18 million at the time.
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Editing by Miguel Cordon and Lorenzo Kyle Subido
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