The former tech investor and Packer media executive Martin Dalgleish has led a $1.5 million capital raising for Airbnb property management company Hometime and joined its board, reports the Australian Financial Review.
Hometime is an Australian Airbnb property management business that uses account managers to manage properties, take photos and use the images to promote a property's listings.
Mr Dalgleish is an experienced company director who has previously held various CEO, Chairman and Managing Director roles with 30 years experience in technology, consumer, telco and media with leading brands including PBL, Optus, Dixons, Rank, PepsiCo, IBM.
The former Publishing and Broadcasting Limited executive told AFR he expected the specialist sector, which has emerged in recent years to service the needs of Airbnb landlords, to "aggregate down" over time into the dominant players.
"In due course, the best platforms delivering a greater customer experience could potentially be very successful," he said.
Airbnb management companies are growing, as the number of people who rent out their homes through the platform is increasing. Current participants in the market include: MadeComfy, Hey Tom and Guesty, among others.
Most of the $1.5 million invested in Hometime was through Mr Dalgleish's technology accelerator APC. He said APC's investment gave it a "reasonable equity stake" in Hometime.