What is Hometime?
Launched in 2016 by founders Dave Thompson and William Crock, Hometime has developed a proprietary platform designed to streamline and automate the management of Airbnb properties. The company's service aims to assist hosts in managing their listings efficiently, handling all aspects of the hosting experience from guest communication to property maintenance, thereby maximizing returns. Hometime's operational footprint extends across major Australian cities including Sydney and Melbourne, as well as Auckland in New Zealand, with plans for further geographic expansion. The company's focus on a niche segment of the property technology sector positions it as a key player in the evolving landscape of short-term accommodation management.
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 company with a focus on innovative sectors including technology and disruption assets. Their involvement suggests a strategic alignment with Hometime's growth potential in the proptech space.
Upswell
Upswell Ventures is an early-stage venture capital firm that invests in technology companies. Their participation in Hometime's recent financing round indicates a belief in the company's scalable technology and market strategy.
What's next for Hometime?
The recent major strategic investment in Hometime signals a pivotal moment for the company, likely enabling accelerated expansion into new markets and further enhancement of its property management technology. This infusion of capital, part of its $11.5M in total backing, suggests a strategic focus on scaling operations and solidifying its competitive advantage. Investors are betting on Hometime's ability to capture a larger share of the burgeoning short-term rental management market, particularly as property owners increasingly seek automated solutions to optimize their investments. Future developments may include deeper integration with booking platforms and advanced data analytics for hosts.
See full Hometime company page
