Financing round of EUR 21 million for Limehome Assets

11. Febru­ary 2020

Munich — Reed Smith has advi­sed its long-time client Global Growth Capi­tal on a debt invest­ment in Lime­home Assets GmbH, a hospi­ta­lity startup that is leading the hotel indus­try into the new decade.

Global Growth Capital’s invest­ment is part of Limehome’s new €21 million funding round, with all exis­ting inves­tors, Lake­star, HV Holtz­brinck Ventures, and Picus Capi­tal, led by Lake­star, incre­asing their participation.

Lime­home Assets, based in Munich, rents apart­ments and furnis­hes them as apart­ments for short- and long-term rent. At the begin­ning of last year, 5 million euros alre­ady flowed into the startup, which was foun­ded in 2018 by Lars Stäbe and Josef Voll­mayr (photo from right to left: source Lime­home). The company auto­ma­tes all the tradi­tio­nal proces­ses of a hotel opera­tion via its proprie­tary tech­no­logy plat­form — from pricing, to booking, check-in, clea­ning, custo­mer service and invoi­cing — by combi­ning the design aspi­ra­ti­ons of a premium hotel with the effi­ci­ency of a consis­t­ently digi­tal opera­ting concept. Since laun­ching about 18 months ago, Lime­home has alre­ady opened more than 30 loca­ti­ons and contrac­ted another 35 proper­ties. This alone will make Lime­home the hotel concept with the second most loca­ti­ons in German-spea­king count­ries in 2020.

Global Growth Capi­tal orga­ni­zes custo­mi­zed, inno­va­tive debt capi­tal solu­ti­ons with ticket volu­mes between 5 and 50 million euros. The flexi­ble approach to struc­tu­ring and an effi­ci­ent decis­­ion-making process enable tech­no­logy compa­nies and their entre­pre­neurs to achieve sustainable growth.

Advi­sor to Global Growth Capi­tal: Reed Smith
The legal team led by Florian Hirsch­mann (Private Equity/M&A) and Phil­ipp Johan­nes Berg­mann (Finan­cial Market) included Jane Grin­blat (Finan­cial Market), Tobias Schulz, Joshua Etspü­ler (both Private Equity/M&A), Dr. Etienne Richt­ham­mer and Frede­rik Laux (both Real Estate).

Advi­sor to Lime­home Assets GmbH: Hogan Lovells Inter­na­tio­nal LLP (Munich)

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