CA-based Overmoon secures $80million in equity and debt funding. NFX, Khosla Ventures, Camber Creek, 1Sharpe, Sunsar Capital, and other investors took part in the round.
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The money will be used by the company to grow both its operations and its clientele. Overmoon, founded and directed by CEO Joe Fraiman, is a tech-enabled vacation rental platform that combines shared space in vacation homes for social gatherings with hotel-quality comforts, amenities, and concierge-level service.
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Additionally, the business collaborated with Andreessen Horowitz-backed Flock to introduce Overmoon Exchange, a ground-breaking initiative meant to provide vacation home owners with substantial time, tax, and investment benefits through the contribution of their property to Overmoon’s 721 Fund.
About Overmoon
In order to build consistently fantastic vacation houses that you can trust with your holiday, Overmoon is purchasing homes all over the world, beginning with Florida. Every home on our network is owned by them, in contrast to holiday rental marketplaces or property managers. This implies that they might become fixated on each tiny element to guarantee that every Overmoon is incredible each and every time.
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