Tech-driven hospitality provider Bob W secures a EUR 21 million series A funding

Tech-driven hospitality provider Bob W has secured EUR 21 million in series A funding, led by IDC Ventures, Elevator Ventures, Verve Ventures and Flashpoint.

The company offers a smarter and more sustainable alternative to hotels and short-stay rentals. Thus, tech-powered short-stay apartments combine hotel-like qualities with the authenticity of individual rentals.

Bob W services are available in Helsinki, Tallinn, London and Madrid, with Pärnu, Oslo, Amsterdam, Tartu, Stavanger and Florence to follow.

Despite being founded just before the pandemic, Bob W’s year-on-year revenue grew by 800%, whilst achieving an average guest rating of 4.8 (out of 5) and a net promoter score of close to 90.

SEE ALSO: Vienna Insurance Group to pay EUR 830 million for CEE business of Aegon

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