Travelnest
“Can a vertical SaaS for independent holiday-rental hosts become the financial OS for the long tail of European short-term rental owners?”
HQEdinburgh, Scotland / London, UK
Total raised~£17.4M+ disclosed
Latest round£7.5M (Scottish National Investment Bank)
IndustryVertical SaaS / Travel & Hospitality
The story
Travelnest was founded as a channel-distribution and listing-management SaaS for independent holiday-rental hosts underserved by larger PMS vendors. After scaling listings across 30+ booking channels and 10,000+ properties, the company moved into embedded finance in 2025 by partnering with Mangopay to operate multi-currency wallets and payouts for European hosts — adding an embedded payments layer on top of the core distribution product.
Product timeline
2017
Founded in Scotland; raised £3M seed round to build channel-distribution platform for independent holiday-let owners.· founding
2019
Closed £5.1M Series A to scale across UK and Europe.· funding
2020
Raised £1.8M from SVB and Scottish Enterprise to capture staycation surge during COVID.· funding
2025
Partnered with Mangopay to launch embedded payments product for European property owners.· payments
The stack
Accounting gap: significant