|Luxstay raises 4.5 million USD from two new investors from South Korea: GS Shop and Bon Angels. (Photo: Luxstay)
This is the second time Luxstay has sought external investment this year.
Luxstay targets an annual turnover of 300 million USD by 2023, about 30% of total market share. Before GS Shop and Bon Angels, other large venture capital funds have invested in Luxstay: CyberAgent Venture (Japan), Genesia Ventures (Japan), ESP Capital, Founders Capital, and Nextrans.
Founded in 2017, Luxstay is similar to Airbnb in that it helps users find rental apartments or villas, or list their own place and become a host. Luxstay provides asset management solutions to help homeowners who want to enter the home-sharing market.