PackLate.com is building a last-minute vacation rental marketplace that connects second homeowners with travelers seeking discounted, near-term bookings. Its core product is a website where registered users track listings, receive price-change alerts and compete for deals via a gamified system; registration is required (account or Facebook Connect) and the service is free to end users. The company positions itself as a dynamic oversupply-demand matching service, noting many rental markets are reportedly seeing roughly 50% occupancy during prime season. PackLate offers features such as a promo code (TC_PackLate) that provides users with early notifications two hours before price changes are published. The startup aims to strike partnerships with property managers and attract a sufficient user base to make the gaming and alert features viral. Financially, PackLate recently closed seed funding to support its product and growth efforts.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2010