|Industry||social networking service|
|Founded||2010, Launch March 2011|
|Key people||Stephan Uhrenbacher (Chairman, Founder)
Roman Bach (CEO, Co-Founder)
Launched by German internet entrepreneur Stephan Uhrenbacher – founder of Qype, and former head of northern European operations for lastminute.com – the site is a European competitor to the US-based Airbnb. In 2014 Roman Bach was named CEO while Stephan Uhrenbacher steppend up to the advisory board.
The founders secured funding from venture capital fund eVenture Capital Partners (CityDeal/Groupon) and launched 9flats.com in February 2011 with an inventory of 5,000 places. The company was initially based in nine different locations around the world, and is now headquartered in Hamburg.
In May 2011, 9flats secured another round of investment from venture capital funds Redpoint Ventures (HomeAway), ProFounder (ex-lastminute.com) and Greycroft Partners, bringing the total funding to $10m. In January 2012, 9flats completed a round of funding led by T-Venture, the venture capital arm of Deutsche Telekom AG. This round also included Redpoint Ventures and E-Venture Capital Partners (Hamburg).
In 2014 9flats has announced to be the first profitable player in the Social Travel Industry.
In November 2014 9flats introduces the new payment option: book now, pay later.
The website uses a collaborative consumption model to enable people to share resources. People looking for short-term accommodation book other people’s private places online or through a telephone booking line, and property owners pay a fee for this service. 9flats is the only player in this field that does not charge the guest anything - all fees are paid by the Host.
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- Uhrenbacher, Stephan. "9flats.com". Stephan Uhrenbacher blog. Stephan Uhrenbacher. Retrieved 21 March 2012.
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