9flats
| Privately held company | |
| Industry | hospitality service |
| Founded | 2010, Launch March 2011 |
| Headquarters | Hamburg, Germany |
|
Key people
|
Stephan Uhrenbacher (Chairman, Founder) Roman Bach (Co-Founder) |
| Owner | eVentures, Redpoint, T-Ventures, Founders |
| Website | www.9flats.com |
9flats is an online marketplace and hospitality service, enabling people to lease or rent short-term lodging including vacation rentals, apartment rentals, homestays, hostel beds, or hotel rooms. The company does not own any lodging; it is merely a broker and receives percentage service fees (commissions) from both guests and hosts in conjunction with every booking.
The site is a European competitor to the US-based Airbnb.
9Flats was launched by German internet entrepreneur Stephan Uhrenbacher – founder of Qype, and former head of northern European operations for lastminute.com.
The founders secured funding from venture capital fund E.ventures (CityDeal/Groupon) and launched 9flats.com in February 2011 with an inventory of 5,000 places. The company was based in nine different locations around the world, but is now headquartered in Hamburg.
In May 2011, 9flats secured another round of investment from venture capital funds Redpoint Ventures (HomeAway), ProFounder (ex-lastminute.com) and Greycroft Partners, bringing the total funding to US$10 million. In January 2012, 9flats completed a round of funding led by , the venture capital arm of Deutsche Telekom AG. This round included Redpoint Ventures and E-Venture Capital Partners (Hamburg).
In April 2012, 9flats had over 50,000 members and 30,000 hosts in 104 countries.
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Wikipedia