MadeComfy, which manages and markets short-term rental properties in Australia, has raised $6m from Investec to fund further expansion. MadeComfy currently manages around 600 properties in Sydney and Melbourne. Its goal is to have 3500 properties across Australia by 2020.
The business was founded by Quirin Schwaighofer and Sabrina Bethunin in 2015.
They initially raised $1.1m from investors last year and reportedly still own most of the growing business, which is feeding off the boom in short-term rental platforms such as Airbnb.
Head of emerging companies at Investec, David Phillips, told the Australian Financial Review: “We certainly believe the sharing economy is here to stay and will continue to grow.