MadeComfy operates a platform that helps urban and regional property owners access the short-term rental market while providing travellers, families and corporates with consistent, high-quality flexible accommodation. The company has developed a B2B product and its own booking channel to target corporate and mid-term travellers. Funds from the latest round will be used to expand across Australia, support New Zealand as the first international expansion, and drive core upgrades to its technology and data analytics platform. MadeComfy rebounded from Covid-19 headwinds to become EBITDA positive and is reporting over $20 million in annualised revenue with annual growth above 120%. Over 250 companies now use its platform. Leadership additions include Simon Lehmann as chair and Rolf Hansen joining the board. MadeComfy provides end-to-end short-term rental management services including professional photography, multi-platform listing, dynamic rate and occupancy management, guest liaison, bookings and check-in, and cleaning and linen services. The company was founded in 2015 by Quirin Schwaighofer and Sabrina Bethunin and operates across Sydney and Melbourne. MadeComfy manages a $600 million portfolio of properties and reports welcoming over 4,000 guests per month. Recent growth has included property management partnership deals with Raine & Horne in Dee Why and Belle Property agencies in Mosman and Neutral Bay. The new funding will be used to expand the company into new cities, and the team has signalled potential additional fundraising from strategic investors. Investec described MadeComfy as a market leader in the Australian short-term rental management space.

Total raised

$16M

Funding rounds

3

Latest round

Equity

Latest activity

May 2023