Brugge-based proptech management company Huswell has announced that it has secured an undisclosed strategic investment from Dutch venture capital firm Capital Mills.
The funding marks a major step in the company’ mission to simplify short-term rental management across Europe, while maximising returns for hosts and guests.
According to Huswell, the revenue-based financing will go towards accelerating the expansion of its product offerings, platform development, strengthening its market position, enabling European growth and exploring strategic acquisition or partner opportunities.
Jean-Paul Godfroy, founder and CEO of Huswell, said: “Huswell is built on a foundation of innovation, customer-centricity, and growth. While we have achieved incredible milestones, we see an opportunity to accelerate even further.
“The investment and experience in scaling software companies from Capital Mills arrives at the perfect time, equipping us with the resources and expertise needed to scale and prepare Huswell for new heights. I look forward to collaborating closely with Gijs and his team,” he added.
Gijs den Hartog, partner at Capital Mills, said: “Meeting exceptional founders like Jean-Paul Godfroy is one of the perks of working in the investment industry. In Huswell, we have found an innovative and promising company in the short-term rental space – a huge and burgeoning market that we believe will reward seamless end-to-end solutions with fantastic user experience.
“We are proud that Capital Mills will be partnering with Jean-Paul and his team for the journey ahead,” added den Hartog.
Founded in 2019, Huswell supports vacation rental, second home and hotel owners with the daily management and optimisation of their property/ies. The business takes care of the end-to-end property management process, from the check-in to checking out of guests to 24/7 communication, cleaning after departure, property maintenance and repairs, as well as developing a guest portal to provide all the information about the reservation and property.
To date, Huswell has processed more than 40,000 reservations and generated over €50 million in booking revenue.
In 2023, the proptech company purchased luxury villa booking platform Grandes Villas de France, and it will now be seeking to make more acquisitions to grow its European footprint as a result of the new financing.
Join our community of 200,000+ real estate leaders and get weekly insights and updates with our newsletter.
