What is MetroResidences?
MetroResidences operates as a provider of affordable and convenient serviced apartments and furnished rentals, with a substantial portfolio exceeding 4000 listings across Singapore, Tokyo, and Hong Kong. The company caters to a diverse clientele, including business travelers and individuals seeking both short-term and long-term accommodation solutions. Beyond furnished options, MetroResidences also offers unfurnished apartment rentals, empowering clients to personalize their living spaces. The core mission is to ensure clients feel at home by providing all necessary amenities for a comfortable and seamless stay, positioning itself as a key player in the Asian accommodation sector.
How much funding has MetroResidences raised?
MetroResidences has raised a total of $3.5M across 2 funding rounds:
Angel/Seed
$692K
Series A
$2.9M
Angel/Seed (2016): $692K with participation from 500.com
Series A (2017): $2.9M led by Rakuten
Key Investors in MetroResidences
Rakuten
Rakuten is a global technology conglomerate with a vast digital ecosystem, known for its e-commerce, FinTech, and mobile services. Their investment likely signals a strategic interest in expanding their reach within the accommodation and travel tech sectors.
500.com
500.com Limited is a prominent online sports lottery service provider in China. Their participation suggests a potential diversification strategy or an interest in leveraging technology for consumer-facing platforms.
What's next for MetroResidences?
The recent major strategic investment into MetroResidences signals a pivotal growth phase, likely aimed at expanding its operational footprint and enhancing its service offerings. Given the enterprise-level funding context, the company is poised for significant scaling, potentially exploring new markets or deepening its presence in existing ones. Future initiatives may include technological advancements to streamline booking processes, further property acquisitions, and strategic partnerships to bolster its competitive edge in the serviced accommodation industry. This capital infusion is expected to fuel innovation and solidify MetroResidences' position as a leading provider of flexible living solutions.
See full MetroResidences company page
