Currently operating in London, Paris, Hong Kong, Singapore, and Kuala Lumpur, the startup says it plans to use the funds to reach two more cities in the UK and more global cities by Summer 2018. It also announced the acquisition of Easy Rental Services, a former competitor in London and Paris.

The funding round was led by Impulse VC, with participation from  Xponova and Boost Heroes, the VC firm led by Fabio Cannavale, founder of the Lastminute Group, among others. Existing investors including Swiss Founders Fund and Senn & Partners also renewed their investments. GuestReady plans to use the fresh funding "to fuel its expansion and cement its position as the leading Airbnb management company globally".

GuestReady has assembled a portfolio of around 600 apartments since its launch in August 2016 and has welcomed more than 20,000 travellers from 120+ countries into its apartments. Initially started as an on-demand platform for individual activities like cleaning, laundry, and managing the check-in and check-out of guests, GuestReady now focuses exclusively on fully managed properties that it advertises on short-let platforms like Airbnb, HomeAway, and Booking.com, among others.

The company says its main focus over the past year, besides bolstering its presence across its markets, has been to develop "a product that provides the property owners full visibility and control over the calendars and financials of their properties".

"It syncs real time with sales-side platforms like Airbnb, and provides a lean logistical setup that allows it to minimize the turnaround time between guests. GuestReady takes a percentage of the earnings from the apartments as a management fee, or guarantees a specific income per month based on a predictive model developed by GuestReady," says the company.

Alexander Limpert, CEO and co-founder, said: "The success of our clients and the satisfaction of their guests is of prime importance to us. In order to provide an even better service to our clients, we are also very happy to announce that this Summer, we have completed the acquisition of  Easy Rental Services. Since its launch three years ago, the company has developed operational excellence in its home markets London and Paris."

GuestReady says it is also planning a move further into the B2B space by building a product backend to automate and streamline property management tasks.

Click here to read an interview with GuestReady co-founder Alexander Limpert.