The investment round was led by Santa Monica-based venture capital firm Mucker Capital, the company said in its announcement on Oct. 4. The investment more than triples the company’s total funding, bringing it to $12.5 million.
The investment will support the expansion of Jurny Virtual, a platform for hotel owners and property managers to automate and streamline operations, to other markets.
“Jurny Virtual provides a single, affordable and easy-to-implement solution for the tools and technology required to compete and thrive in today's rapidly evolving environment,” David Phillips, co-founder and president of Jurny, said in a statement
Founded in 2017, Jurny offers technology solutions for hotel and short-term rental owners and operators. Its platform offers 24/7 inquiry support, virtual concierge, access control, guest screening, review management and accounting.
Jurny’s management team is composed of hospitality industry veterans and former executives of the Melia Hotels International, Eurostars Hotels, The Chateau Marmont Hotel and Galeno Group, the company said in its announcement.
The company primarily works with “small- to medium-sized operators and hotel owners,” Luca Zambello, co-founder and chief executive at Jurny, said in a statement.
Erik Rannala, co-founder and managing partner at Mucker Capital, said in a statement that Jurny’s users see an average of 20% increase in revenue, 50% decrease in overhead costs and two times net operating income within the first 30 days of implementing its platform.
“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,” Rannala said in a statement.