Fairly, a provider of a digital vacation rental management platform, raised $10.1 million in pre-seed funding.
Investors were not disclosed.
With recently raised funds, Fairly intends to further scale up and commercialize its rental management platform.
For homeowners who want to invest in a vacation rental without the burden of day-to-day management, Fairly provides a comprehensive platform that integrates the roles of advisors, caretakers, and property owners into a seamless, collaborative ecosystem. Unlike traditional property management services, Fairly emphasizes individualized care and community-focused engagement, ensuring your home is managed with the same dedication and attention as if you were doing it yourself. With Fairly, homeowners enjoy peace of mind, increased earnings, and the freedom to choose their level of involvement.
“The vacation rental management model is broken,” says Eric Breon, co-founder and CEO at Fairly. “Large property managers generate more revenue, but they generally fail when it comes to delivering what matters most: exceptional guest experiences. The average five-star rating for third-party property managers on Airbnb is about 4.62, which is significantly below the median review score. At Fairly, we’re empowering homeowners & caretakers to deliver individualized care while we automate the back-office tasks. We’re retaining what’s great about individual caretakers, and we’re pairing that with a tech stack that out-competes the big companies.”