Los Angeles-based startup Jurny has raised $9.5 million in a round led by Mucker Capital, bringing its total raised to date to $12.45 million. Founded in June 2020, the hospitality technology company provides SaaS and hardware solutions for independent hotels and vacation and short-term rental properties.
The company says it will use some of the funds to accelerate global expansion of Jurny Virtual, which connects channel management, point-of-sale, room management, facility management, marketing and smart-home solutions in one simple dashboard. Jurny Virtual also offers a virtual concierge, access control, guest screening, review management, accounting and 24/7 inquiry support.
“Our mission is to help small- to medium-sized operators and hotel owners access a premium ecosystem that offers the benefit of economies of scale, not yet available to even some of the world’s largest hotel chains,” says Luca Zambello, Co-Founder and CEO at Jurny. “Jurny Virtual is revolutionising the industry by providing a premier service at a much lower cost, including time, without requiring an upfront investment.”
In the past year, Jurny says it has more than doubled the number of units using its platform, with 635 unites in eight cities including London, Tel Aviv and San Miguel de Allende. “Operators using Jurny’s best-in-class tech are seeing, on average, a 20% increase in revenue, 50% decrease in overhead costs and 2x net operating income (NOI) within the first 30 days of implementation,” says Erik Rannala, Co-Founder and Managing Partner at Mucker Capital. “These numbers are unmatched in the industry and illustrate that Jurny and its customers are positioned to dominate the global hotel, short-term and vacation rental management market.”
