London-based AltoVita, a platform with a human-centric approach to power the corporate accommodations sector, announced that it has raised approximately €9M in an oversubscribed Series A round of funding.
The company aims to deliver smart, safe, and sustainable living for employees anywhere in the world.
AltoVita says it will use the funds to support its 2023 ambition to ‘transform the technological landscape and create the biggest corporate accommodation inventory’ by providing 2.5 million properties to companies and workers across 35,000 locations.
Founded by Vivi Cahyadi Himmel and Karolina Saviova in 2018, AltoVita was born due to the lack of available options for corporate travelers and an aim to standardize and provide quality assurance to the corporate accommodation sector.
The platform offers various asset classes and gives users the option to look for properties using safe and environmentally friendly methods.
The goal is to use scalable, data-driven technology that is flexible and enhanced with information to power the whole lodging ecosystem, whether it be for business travel or international mobility.
The customizable platform provides instant access to a diverse network of 1 million+ housing options worldwide, including serviced apartments, professionally managed homes, aparthotels, and co-living with the ability to sort by desired amenities, pet friendliness, sustainability scores, and more.
All properties on the AltoVita platform have a thorough review and verification process to ensure compliance and a duty of care. The company says that this process is supported by an extensive 4-Tier Quality Control system and a committed customer success staff.
The company’s features include data analytics and market intelligence tool, policy building, and end-to-end housing management with financial management.
Its customers include Hewlett Packard Enterprises, Google, and US government agencies.
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