JANIIS Secures $2.2 Million Seed Round Led By Prelude Venture Fund, Coign Capital
Updated: Aug 15, 2019
Modern vacation rental software start up to accelerate sales and product offering; targets property management companies with under 50 units.
SALT LAKE CITY, Utah– JANIIS, the vacation rental software system that simplifies the process of managing short term rental properties, has completed a $2.2 million seed round of financing. The round was joint-led by venture capital firms Prelude Venture Fund, LLC and Coign Capital. This round sees Prelude and Coign joined by existing and new investors Kickstart Seed Fund, Forward Venture Capital, and Plus550.
The round follows a year in which JANIIS saw significant increase in adoption rate and product expansion by targeting PMCs with under 50 units. The dozens of new features and system enhancements were built specifically for smaller companies looking to grow. Encouragingly, property managers using JANIIS had quarterly increases of 120% in revenue and a 140% increase in property occupancy.
Founded in late 2016 by Jason Hahn and Blake Leszczynski after shadowing PMCs across the country, JANIIS helps smaller property management companies grow by:
Reducing the amount of time and stress vacation rental accounting previously demanded through touchless, automated features
Increasing revenue by distributing inventory to 200 channels reliably and accurately through official and direct channel connections
Increasing direct bookings and building PMC brand with easy to create, SEO friendly websites
Converting PMC data into a competitive advantage through in-depth performance reporting
Increasing capacity through tools that help orchestrate availability, occupancy, housekeeping, and maintenance
"We believe that as the short term rental space continues to evolve, that software will need to evolve with it in a powerful way. Software needs to reduce the amount of operations PMCs conduct, while also being intuitive enough to be onboarded, trained, and adopted within 2-14 days" said Jason Hahn, JANIIS CEO. "It's our goal that this standard won't just be a perk, but the new industry benchmark. JANIIS is thrilled, especially with this latest round of financing, to continue providing our software standard to our clients. We're also looking forward to continuing to partner and collaborate with those that share our motivation to provide the best, most simple tools that increase PMC profits."
For more details on the JANIIS product offering, please schedule a demo.
For PMC pricing, please request a quote.
For information on partnerships, please contact Emily Brooks at email@example.com.