Home Ideas Entrepreneurship & Small Business Frontdesk raises another $4.8 million

Frontdesk raises another $4.8 million

By
Ashley Smart
-
A Frontdesk rental apartment. Submitted photo.

On the heels of announcing its first corporate acquisition, a filing with the Securities and Exchange Commission shows Milwaukee-based short-term rental company Frontdesk raised another $4.8 million. The startup’s latest funding round had participation from 15 investors, according to the filing. The SEC filing follows Frontdesk announcing its acquisition of Chicago-based Zencity, a competing short-term rental

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Ashley Smart
Ashley covers startups, technology and manufacturing for BizTimes. She was previously the managing editor of the News Graphic and Washington County Daily News. In past reporting roles, covering education at The Waukesha Freeman, she received several WNA awards. She is a UWM graduate. In her free time, Ashley enjoys watching independent films, tackling a new recipe in the kitchen and reading a good book.
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On the heels of announcing its first corporate acquisition, a filing with the Securities and Exchange Commission shows Milwaukee-based short-term rental company Frontdesk raised another $4.8 million. The startup’s latest funding round had participation from 15 investors, according to the filing. The SEC filing follows Frontdesk announcing its acquisition of Chicago-based Zencity, a competing short-term rental operator. Frontdesk has experienced rapid growth over the past few years, acquiring several properties from shuttered competitor WanderJaunt last year and 77 other properties from three separate competitors in 2020. Frontdesk has also been named to the Inc. 5000 list of fastest growing companies in the United States the past two years. The company currently operates in 35 U.S. markets. Not including this latest funding round, Frontdesk has raised $22 million in equity financing since being founded in 2017. The company declined to comment at this time on its latest fundraising efforts.

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