Frontdesk Closes $2.75M Bridge Round Financing, Led by Bill La Macchia
Milwaukee, WI, August 20, 2019 –(PR.com)– Frontdesk LLC (Frontdesk), a Milwaukee-based company, today announced the close of their latest round of funding in the amount of $2.75 million, which included an investment from La Macchia Holdings, LLC, Sand Hill Angels and Motivate Ventures, in addition to existing Seed Round investors.
“Frontdesk has positioned itself to be a technology leader in the vacation rental industry,” said Frontdesk Co-founder and Chief Growth Officer, Jesse DePinto. “Additionally, the added capital propels our hospitality brand and its technology to new heights.”
The funding will allow Frontdesk to expand their technology platform and geographical footprint more rapidly. Frontdesk’s proprietary technology platform currently features a fully-integrated property management system, with modules such as a multichannel distribution, dynamic pricing, automated messaging, direct booking engine, cleaning management, access control, guest screening, and much more, all designed for the unique needs of both the multi-family and consumer markets.
Frontdesk started 2019 with just 135 suites in 6 cities and has since doubled that to 270 suites in 13 cities (Charlotte, NC, Columbus, OH, Dallas, TX, Indianapolis, IN, Kansas City, MO, Louisville, KY, Memphis, TN, Milwaukee, WI, Pittsburgh, PA, San Antonio, TX, St. Louis, MO, St. Petersburg, FL, and Tampa, FL). The funding will allow Frontdesk to meet aggressive expansion goals and reach 500 suites by the end of 2019.
“The addition of Bill La Macchia representing La Macchia Holdings to Frontdesk’s Board of Directors adds additional expertise in technology as well as in the travel industry and the broader vacation rental industry,” said DePinto.
Published at Tue, 20 Aug 2019 18:01:18 +0000