misterb&b hits the equity crowdfunding trail to expand into hotels

TechCrunch | 3/18/2019 | Staff
bungienet (Posted by) Level 3
Click For Photo: https://techcrunch.com/wp-content/uploads/2019/03/misterbb-founders.jpg?w=600

Homosexuality is illegal in a third of the planet, and in eight countries, it is punishable by death. In the febrile atmosphere of today’s politics, hate crime incidents in the US increased by 17% between 2016 to 2017, according to the FBI.

Over 20 of those incidents were crimes against an individual’s sexual-orientation — the largest increase since 9/11. Similar hate crime statistics have increased in the UK and several other western countries.

Men - Women - People - Travel - Gay

It’s strange and saddening to think that men, women, and gender non-conforming people who “travel while gay” are now in a more dangerous – and potentially life-threatening – situation around the world, despite us being well into the 21st Century.

The key to the situation is knowing whether the place you’re staying at will be welcoming or not. There are many incidents where, at hotels, gay travelers have been rejected or forced to book separate rooms, and had to fall back on third-party, unverified, user-generated reviews.

Misterb - B - Marketplace - Gay - Community

Now, misterb&b, the short-term rental marketplace aimed at the Gay community, has a simple solution. Customers can book an entire home or rent a private room at the home of a gay or gay-friendly host, and with many located in gay-friendly neighborhoods. The startup competes with more home-spun sites like “Gay Home Stays“, however, misterb&b has already raised substantial amounts in VC.

The startup graduated from the 500 Startups accelerator and has raised US$13.5M from institutional investors like Project A and Ventech, and from angels like Joel Simkhai (founder of Grindr, which sold for $300M USD). The marketplace now has 310,000 hosts in over 135 countries, and claims to have 30% revenue growth YoY; with 60% of the business done organically by repeat customers.

Misterb - B - Dollars - Week - Wefunder

misterb&b has now raised over half a million dollars inside a week via Wefunder to fund its expansion. This will allow guests, hosts,...
(Excerpt) Read more at: TechCrunch
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