What is Hometime?
Founded in 2016 by Dave Thompson and William Crock, Hometime operates at the intersection of hospitality and technology. The company provides a comprehensive property management solution that effectively puts Airbnb listings on autopilot. By managing the end-to-end hosting lifecycle—from guest communication and cleaning coordination to dynamic pricing—Hometime allows property owners to maximize their yields without the operational burden of day-to-day management.
The company's market position is defined by its ability to deliver superior returns through data-driven insights and operational efficiency. Currently serving major metropolitan and coastal hubs including Sydney, Melbourne, Brisbane, and Auckland, Hometime is rapidly becoming a dominant force in the proptech sector, specifically targeting the high-growth short-term rental market.
How much funding has Hometime raised?
Hometime has raised a total of $11.5M across 2 funding rounds:
Angel/Seed
$1.5M
Other Financing Round
$10M
Angel/Seed (2017): $1.5M with participation from Asia Principal Capital
Other Financing Round (2024): $10M led by Upswell
Key Investors in Hometime
Asia Principal Capital
Asia Principal Capital is a private investment firm specializing in healthcare, technology, and disruption assets, with a strong focus on the Asia-Pacific region.
Upswell
Upswell Ventures is an early-stage venture capital firm that provides strategic guidance and funding to technology-driven startups during their critical growth phases.
What's next for Hometime?
With the infusion of this latest capital, Hometime is well-positioned to accelerate its geographic footprint and enhance its technological infrastructure. The strategic focus will likely shift toward deepening its automation capabilities and potentially integrating advanced AI-driven analytics to further optimize rental yields for its clients. As the short-term rental industry matures, Hometime's ability to maintain high service standards while scaling its platform will be critical to its long-term success.
The company is expected to leverage this backing to solidify its presence in existing markets while exploring new territories, ensuring that its 'autopilot' value proposition remains the industry benchmark for property owners seeking passive income from their real estate assets.
