Missafir, an Istanbul, Turkey-based company that provides an online platform for vacation rental property owners and managers, raised pre-Series A funding at a $26 million valuation.
Ege Yapı Teknoloji Girişim, the technology investments company of Ege Yapı, joined its investors in this round. The startup’s existing investors, including well-known names from the startup ecosystem, also participated in the pre-Series A round, continuing to support Missafir.
With this funding, the startup announced it would accelerate its expansion into the European market and increase its technology development investments. This current investment round will strengthen Missafir's market position, allowing it to develop even faster and take a larger proportion of the worldwide short-term rental market.
Mehmet Yüksel, founder of Missafir, statement: “This investment holds special significance for us. A major real estate player in the country like Ege Yapı investing in the PropTech field is an important development both for our country and the industry. Moreover, this investment is not just a capital investment but a strategic step to rapidly expand our portfolio and begin potential collaborations with our investors. With strategic business partners at the table, I believe stronger growth will be achieved. From day one, we have taken another step towards becoming a regional and then global home accommodation brand, which we have always aimed for. Now, together with my team, we will prove that we can grow faster locally and worldwide with all our technological capacity.”
Missafir offers stress-free, reliable, and increased revenue for homeowners in short/medium-term rentals with end-to-end management support while providing guests with a 5-star hotel quality home comfort experience through services such as 24/7 communication, cleaning, and concierge.
With its proprietary technological infrastructure, it offers an end-to-end digital experience to homeowners, guests, and business partners. The company hosts guests in over 20 cities and over 90 districts across 4 countries.
Round: Pre-Series A
Funding Month: April 2023
Additional Investors: Ege Yapı Teknoloji Girişim
Company Website: https://www.missafir.com/
Software Category: Vacation Rental Property Management Software
About the Company: Founded in 2018 by Mehmet Yüksel, Missafir is a prop-tech company that operates a management platform for short and mid-term rental homes. Missafir provides online booking and management software for vacation rental property owners and managers. They offer a range of features and tools, such as property management, reservation management, payment processing, and communication with guests, all accessible through a web browser. Their goal is to simplify the management process for property owners and managers and offer an excellent guest experience for renters.