Milwaukee-based Frontdesk, a short-term apartment rental company, announced this week the completion of a $13 million Series B funding round. The round was led by San Francisco-based Stormbreaker Ventures. Frontdesk has raised a total of $22 million in equity financing since being founded in 2017.
“As the world becomes more digital and more flexible, the need for our product has never been greater,” said Jesse DePinto, Frontdesk CEO. “We are grateful to be joined by partners who support our vision to power the future of dynamic living and meet the contemporary needs of living, working, and traveling. As we look towards the future, we are now even more excited about the generational opportunity ahead, and Frontdesk’s leadership position within our category.”
Frontdesk’s recently completed funding round will support the company’s continued growth. Frontdesk is operating in 30 U.S. markets and has more than 1,000 units. The company continues to acquire new properties to add to its portfolio and plans to use the capital to expand into existing markets and buildings.