By Zoran Temelkov July, 2022
The Miami-based vacation rental fintech startup Here has secured $5 million in a seed round led by Fiat Ventures. The round included participation from Joe Montana’s Liquid 2 Ventures, Mucker Capital, Basecamp Ventures, and Cooley.
Here platform was officially launched in the first quarter of 2022, and In its pre-seed funding round, it secured $2 million.
The company will use the proceedings to grow its vacation rental investment platform and expand the rental marketplace to more than 20 vacation rental destinations in the US. Currently, the company is present in three popular tourist destinations Big Bear, California, Clearwater, Florida, and Gatlinburg, Tennessee, in the Great Smoky Mountains.
Here’s vacation rental investments platform allows investors to make fractional investments as low as $100 in real estate vacation properties. The company claims that to date, its platform has generated 160% more revenue compared to the revenue generated by traditional long-term rentals.