Whimstay Raises $1 Million for Vacation Stays
- Tech reporter Bruce Harpham with Startup Savant reports on recent funding success of Whimstay!
- 2 min read . October 20, 2022
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Tech reporter Bruce Harpham with Startup Savant reports on recent funding success of last minute booking platform Whimstay!
Bruce writes, “Whimstay, a startup company focused on vacation rentals, has raised over $1 million through StartEngine. The California business is active in 47 US states.”
“Whimstay set an initial goal to raise $1.07 million through StartEngine. The company reached its goal on February 15th and is currently oversubscrived. There are 365 investors in the startup company. At $1.38 per share, the business has achieved a $33 million valuation. In contrast to venture capital funding rounds, using StartEngine opens the company to smaller investors. The minimum investment amount per investor is approximately $250. Whimstay estimated that it would operate for nine months if it successfully reached its funding goal of $1.07 million.”
Whimstay’s approach to building the leading last minute booking platform is unique. In fact, they’re said to be carving out a new vertical in the short term rental market. How did they do it? Whimstay negotiates exclusive discounts with property managers on expiring inventory. In other words, they secure the best rates on homes that would otherwise go unrented. They pass this savings onto their travelers. Whimstay attracts customers looking for the best price on last minute vacation rentals. This presents a win-win for property managers and travelers alike.
Screenshot of TRUiC startup article about last minute booking platform Whimstay
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