Piney Lands €1.6 Million in Latest Funding Round
Piney, a Cyprus-based company offering cleaning and operations services for short- and mid-term rental property managers, has raised €1.6 million in its latest funding round. The round was led by Uni.fund, with additional investments from 33East and VENTERI Capital.
Expanding AI-Powered Services
Piney specializes in providing essential services to property managers, leveraging AI technology to streamline operations. The company currently supports over 5,000 properties across Europe and the United States, including locations in Spain, Portugal, Greece, Cyprus, France, and the United States.
Strategic Plans for Growth
The newly acquired funds are earmarked for expanding Piney's reach beyond its current markets. Nicolas Chrysostomou, CEO of Piney, emphasized the importance of this expansion, stating: "This round is about taking what we’ve proven across Europe and bringing it to the world." The company aims to address operational challenges faced by property managers globally, with a particular focus on markets like Miami.
Investor Confidence
Sotiris Papantonopoulos, Partner at Uni.fund, expressed confidence in Piney's growth trajectory, highlighting their disciplined growth and strong unit economics as key reasons for continued support.
This funding round marks a significant step for Piney as it seeks to enhance its AI-driven platform and broaden its international footprint.