Ringier Digital Ventures invests in home sharing start-up Airgreets

Founded in 2016, the start-up Airgreets is a home sharing service that enables frequent travelers to temporarily sublet their apartment during their own absences without incurring any expenses. Airgreets offers an all-round service package that includes advertising the apartment on platforms such as Airbnb, price management, communication with the temporary subtenants, check-in and cleaning of the apartment.

Airgreets' vision is, on the one hand, to ensure the efficient use of vacant residential space without any effort on the part of the landlord and, on the other hand, to develop the hotel of the future, i.e. to bring high-quality hotel standards to guests in apartments.

"Airgreets recognized early on the potential of the home sharing market, which has only been tapped to a fraction, especially in the DACH region. In addition to the general innovation and technology trends in the real estate industry, the increased travel demand of the population as well as the search for alternatives to hotels reinforces the trend towards the home sharing market," says Benjamin Solenthaler, Investment Manager Ringier Digital Ventures.

Airgreets operates in six German cities as well as Vienna and managed over 30,000 nights in 700 apartments. The investment from Ringier Digital Ventures is intended to help drive further expansion in Switzerland.

"Switzerland is an extremely interesting market for us. In major cities, there is great potential for frequent travelers, whose apartments are often empty for short periods and left unused. At the same time, the demand for short-term accommodation among travelers is very high," explains Sebastian Drescher, Co-Founder and Managing Director of Airgreets.

The fresh capital from the financing round will be used for expansion, further growth and the expansion of Airgreets' IT.