Rakuten invests $2.8M in ‘Airbnb for business travel’ startup MetroResidences | TechCrunch

Rakuten is getting into the Airbnb for business sector after it invested SG$4 million ($2.8 million) in Singapore-based MetroResidences.

MetroResidences was founded in 2014 by James Chua and Lester Kang and it matches corporate employees needing to rent for a month or more with home owners who seek tenants. It is currently active in Singapore, but has plans to expand into Hong Kong and Tokyo using this funding, which is the startup’s Series A, and takes it to $3.5 million from investors to date.

Source: Rakuten invests $2.8M in ‘Airbnb for business travel’ startup MetroResidences | TechCrunch

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Mitch Ratcliffe is a veteran entrepreneur, journalist and business model hacker. He operates this site, which is a collection of the blogs he's published over the years, as well as an archive of his professional publishing record. As always, this is a work in progress. Such is life.
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