Press room
FlatAway Pitch & Q&A
PropTech, Pre-Seed, Bulgaria
In recent years, the development of technology has paved the way for a new era of remote work, impacting the nature of employment. As such, many professionals are now opting for working and traveling at the same time, looking for short and midterm accommodation.
FlatAway is a PropTech platform that provides professionally managed homes (by a network of franchises) for flexible stays to digital nomads, remote workers, and expats. After its alpha launch this year, FlatAway will offer unique (and different) features such as subscription living, property subletting, community events, and discounts on other services enabling remote work.
Why we love FlatAway
- Innovative business model: booking commissions + franchise fee;
- Traction: €2.7M GMV in 2022, 33% QoQ growth, 400+ units under franchises' management;
- Franchise: 7 active Flat Managers in Bulgaria and Romania;
- Cash efficiency: break even reached will be reached in the first year of operations;
- Partnerships: Colliers, Homes & Villas by Marriott International, local brokerages, tech companies, relocation agencies, banks, embassies;
- Experienced team: nearly 20 years of combined experience in creating and running flat managers;
- Investment terms: Pre-Seed round of €500,000 at €2.5M pre-money valuation led by Eleven VC with participation from 3P1 (PropTech VC).
We invite you to evaluate FlatAway's upcoming deal. They'll be giving a presentation on their business, followed by a Q&A.
Join us starting at 5PM EET on Monday, March 6.
PublishedFebruary 24, 2023
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