Frontdesk, the leading short-term rental management company in the U.S., has secured $13M in Series B financing to enhance its operations and expand its market presence.

Target Information

Frontdesk is the fastest-growing short-term rental (STR) property manager in the United States. Recently, the company secured $13 million in Series B financing, led by Stormbreaker Ventures with participation from JetBlue Technology Ventures (JTV), Veritas Innovations, Motivate Venture Capital, and various strategic investors. This funding will support Frontdesk's innovative approach to providing travelers with diverse accommodation options and optimizing operational efficiency within the STR market.

Headquartered in Milwaukee, Frontdesk focuses on managing Class A apartment buildings while striving to uphold the quality and consistency typically associated with leading hotel brands. The company operates over 1,000 units across 30 markets, delivering services to more than 400,000 guests to date. In recognition of its rapid growth, Frontdesk featured on the Inc. 5000 list in 2022 and was highlighted as the #1 fastest-growing travel company in 2021.

Industry Overview

The short-term rental market has transformed significantly since Airbnb's launch in 2008, which set a new standard in experiential travel. Travelers increasingly seek unique accommodations that o