Plum Guide raises $9m led by Beringea to scale its curated homestay platform
The financing round was led by Beringea with backing from Talis Capital, Hearst Ventures and Latitude, alongside a public crowdfunding initiative.
Plum Guide curates a selective collection of top tier holiday homes across multiple countries by deploying a rigorous vetting process. It acts as a trusted quality benchmark for discerning travellers seeking exceptional accommodation.
Plum Guide has secured $9m in a funding round led by Beringea, with participation from Talis Capital, Hearst Ventures and Latitude. The capital will support the company as it expands its footprint and develops its curation technology. This investment arrives alongside a crowdfunding campaign on Crowdcube to invite broader participation from the company community.
The business continues to experience robust demand amid a wider recovery in international travel. Management intends to use the proceeds to scale operations and cement its position as a trusted arbiter of quality in the homestay sector.
Investor perspective
"As consumers start making up for lost time, there is going to be vast demand for exceptional, reliable travel experiences. The entrepreneurial experience of Doron and his remarkable team has ensured that the pandemic has simply driven the company from strength to strength, and its impressive performance as lockdowns have eased demonstrates that Plum Guide is a business strongly positioned to harness the ‘revenge’ travel boom."
Karen McCormick
Chief Investment Officer, Beringea
Use of funds
- 01Expand into international markets
- 02Continue product development
- 03Scale operations
Investors
Categories
About the company
Plum Guide
Plum Guide curates a selective collection of holiday homes by vetting properties for quality and design.