Short-term apartment rental startup Bob W received an investment of 40 million euros

Bob W, a startup that operates in short-term rental of apartments in Europe and focuses on technology, completed its Series B round led by Evli Growth Partners. 40 million euro investment took. Investment company of Tura Wise founder Taavet Hinrikus and Sten Tamkivi Taavet+Sten, Flashpoint and co-founder of Supercell Mikko Kodisojaas well as existing investors were also involved.

Bob W offers a smarter, sustainable alternative to hotels and short-term rentals. The company operates in Europe, including Amsterdam, Athens, London, Berlin, Madrid and Helsinki. in 17 cities operates aparthotels focused on design and sustainability.

Launched in 2019, Bob W operates as a technology-enabled hospitality startup that offers a smarter alternative to mainstream hotels and traditional short-term rentals. The platform features sustainably run, design-focused aparthotels. One of Bob W’s hallmarks is its commitment to local design and sustainability. The company partners with local brands, artists and manufacturers to source decor from areas close to each property. This practice aligns the guest experience with the local community.

Co-Founder and CEO Niko Karstikko“There is a growing demand for seamless, locally rooted travel experiences enabled by technology. However, there is a dearth of standards and professional operators in the short-term rental industry who can deliver local authenticity, hotel-quality service and technology to elevate the experience. As Bob W We lead this category.” says. Karstikko underlines that, with the support of investors, the company is eager to enter a new phase of its growth and expand the Bob W travel experience throughout Europe.

Karstikko states that they increased their revenue eightfold in 2022 and threefold in 2023.