Press Release, London, 02/11/2023: Superhog, the category-defining risk management solution for the vacation rental industry, has raised a £5.5m Series A fundraise.
The round was led by 6 Degrees Capital, Hambro Perks, and Solano Partners and will enable Superhog to grow their product and engineering teams bring on new senior operations hires and deploy international hubs in the US and Australia.
Superhog, a pioneering force in the short-term rental industry, is leading the charge in redefining safety and peace of mind. On a mission to minimise risks and reduce disruptions, Superhog’s cutting-edge products are specifically engineered to provide unparalleled risk management for hosts, property managers, and OTAs within the rapidly expanding short-term rental market.
Over the last two years Superhog has grown its client base to more than 800 Property Management Companies globally, and in excess of £5m in ARR. Superhog’s risk management solutions are award-winning and sector-leading, delivering dramatically reduced incident rates, and driving Property Manager growth that massively outperforms the industry average.
Superhog Founder and CEO, Humphrey Bowles, expressed his enthusiasm about the funding round: “We are thrilled to have the support and trust of our investors who help us propel technology-led security in short-term rental making it more accessible for property managers, hosts, and guests around the globe.”
Lucas Stoops, Partner at 6 Degrees Capital said: “Superhog blew us away with their incredible growth in recent years. The company has strong unit economics, great scalability and is led by a world-class team. We are excited to join them on their journey.”
“We have been working with Superhog for several years now, and every year the team and the technology have helped us to find new and improved ways of protecting our property owners, protecting our guests, and at the same time increasing our profitability as a property manager,” said CEO Dale Smith from SDDE Smith Group.
The Series A investment will be instrumental in supporting Superhog’s goals for the coming year, which include:
- Technology Advancements: Superhog will invest in further enhancing its proprietary risk assessment and protection technology, ensuring a higher level of prevention for all users.
- Market Expansion: Superhog will use the capital to extend its market presence across key global markets, especially bolstering its commitment to short-term rental communities in the US.
- Team Growth: The company plans to strengthen its workforce, bringing in additional talent to support its growth initiatives and continue developing groundbreaking solutions.
Superhog has already made a significant impact in the short-term rental industry by enabling property managers and hosts to identify and mitigate potential risks, creating a safer and more secure environment for travelers. This latest round of funding signifies a vote of confidence in the company’s mission and vision.