United States: The all-in-one property management system Uplisting, designed to help growing short-term rental businesses streamline their operations, announced that it has secured investment from the funding ecosystem, community and mentorship, Calm Company Fund.
Uplisting, an Airbnb Preferred Partner, is a SaaS platform specifically designed for growing short-term rental businesses. Launched in 2017, after meeting the co-founders working at HouseTrip [sold to TripAdvisor]Uplisting now works with owners and rental managers around the world, helping them increase revenue, reduce inefficiencies, create five-star experiences and grow.
Until now, Uplisting has been self-funded, operating primarily on organic growth.
Vince Breslin, co-founder and CEO of Uplisting, said, “2022 is shaping up to be the year of technology, with huge opportunities for vertical SaaS platforms to shape the future hospitality landscape and we’re excited to be part of it. We are incredibly proud of how far we have come on our own, without venture capital funding, relying solely on organic growth.
“Uplisting is now ready for the next phase of growth and we are pleased to announce an investment from Calm to help fuel those ambitions,” he added.
How Twitter has helped
Breslin said, “Twitter is a fantastic resource for finding and communicating directly with like-minded people. That’s where I met Tyler Tringas, Calm’s general partner. We’ve been talking for a number of years — he “gets” what we do and stands up for companies like ours.
“Once we opened our AngelList round, I DMed him thinking he might be interested in investing $20,000 or $30,000 in Uplisting. He took a look at our pitch deck and said he was interested, but only if he could invest more than $250,000. It only took eight days from my initial tweet to signing the deal,” he added.
Tyler Tringas, General Partner of Calm Company Fund, said, “The Uplisting team has a deep understanding of the short-term rental market and the needs of hosts on Airbnb, Vrbo, Booking and other platforms. At Calm Company Fund, one of the main areas of focus is software tools that allow small businesses and entrepreneurs to thrive, grow their income, and run their business from anywhere on their phone or computer. portable.
“Uplisting is the must-have software platform for any short-term rental company or host and we are very happy to have invested,” he added.
In addition to the Calm Company Fund investment, Uplisting also secured a $200,000 investment from its own members through a new funding model – AngelList Roll Up Vehicle.
Over 20% of Uplisting members have pledged to invest between $1,000 and $50,000 in Uplisting through a SAFE [Simple Agreement for Future Equity] model. The company has the ambition to grow member investment as the company matures, with each member having the opportunity to invest on an ongoing basis.
Breslin added, “We are indebted to all members who provided investment and insight to help Uplisting continually add value. Seeing our members grow their businesses up to 50x on our platform has been incredibly rewarding for our team.