Roomorama operates an online vacation-rental marketplace focused on mid-range to high-end properties managed by rental-market professionals. The company merged with Lofty and will operate under the Roomorama name, combining customer and inventory strengths from both teams. Roomorama is based in Singapore and does a significant amount of business in Asia, while Lofty contributed substantial U.S. and European inventory (about one third of its business in each region). The site reports roughly 50,000 properties across 3,600 locations, with an average gross booking value of $1,300. About 80% of bookings are for between eight and 14 nights. The company aims to double its property count by 2012 while maintaining a focus on high-quality listings, reliability, and quick deal closure.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Apr 2012