SleepOut.com, Kenya’s leading online accommodation marketplace where users can find, offer and book unique accommodation online, announced today that it has raised approximately US$200,000 in seed funding to finance expansion across markets in Africa and the Middle East.
Leading the funding round for the Nairobi company, which launched its BETA site in June 2012, is Amsterdam-based Africa Media Ventures Fund.
Lot Carlier, Managing Partner at AMVF remarked, “We are truly excited to embark on this venture. As internet penetration and e-commerce increases on the continent a new consumer class is emerging and SleepOut is simply in the right place at the right time. Together with a solid expansion strategy and a seasoned team with vast regional networks we are confident that SleepOut will provide a best-in-class service across these expanding markets.”