3 years ago
AltoVita Secures $9.5 Million Series A to Expand Corporate Housing Platform
London-based proptech company AltoVita has raised $9.5 million in a Series A funding round led by Novum Capital Partners and Fifth Wall
The company, which provides a platform for corporate housing relocation, will use the funding to expand its property listings to 2.5 million by the end of next year
AltoVita operates in 1,553 cities across 165 countries and aims to simplify relocation for employees at both startups and large corporations.
ProblemTechnology
"Relocating employees for work is a complex and time-consuming process, especially for large corporations with global operations. Finding suitable housing, negotiating leases, and managing logistics can be a major headache for both employees and employers."
Solution
"AltoVita provides a platform that simplifies the corporate housing relocation process. It offers a wide selection of housing options in over 1,500 cities across 165 countries, allowing employees to easily find and book accommodation that meets their needs. The platform also handles all the logistics, including lease negotiations, property management, and payment processing."
