Dubai-based property management startup HiGuests has closed $1.1 million (EUR 1 million) in an investment round, the startup announced last week. The investment came from a leading Spanish real estate player Forcadell. It is not immediately clear if the entire $1.1 million is fresh capital or includes some of the money that HiGuests has announced previously.
Founded in 2016 in Dubai by two Spanish entrepreneurs, Miquel Manzanas & Oriol Plana, HiGuests manages properties on behalf of their owners for short-term rentals. HiGuests takes care of the entire process from creating profiles for the properties on booking platform like Airbnb, Booking.com, HomeAway, Stayz, and Expedia, to post-check in assistance for the guests. The startup has its own booking platform as well, enabling guests to book rooms it manages from it.
With the latest funding, HiGuests has also expanded to Barcelona and according to the statement manages over 300 properties in Dubai, Goa, Mumbai, and Barcelona. In Barcelona, HiGuests has launched both short-term and mid-term rentals. The short-term rentals include anything less than a month and mid-term anything between a month to one year.