Proptech Startup Collapses Due to Unfavorable Interest Rate Climate
Here, a fractional short-term vacation rental marketplace, has shut down after just over two years of operation.
In a statement on its website, the company said its goal was to sell all of the properties that it holds within the next six months.
According to the publication ShortTermRentalz, the marketplace gave investors a way to acquire partial ownership of vacation rentals.
Just last week, TechCrunch broke the news that Frontdesk, a short-term rental provider, had laid off its entire staff and was on the verge of shutting down.
Last November, we reported on Zeus Living reportedly shutting down after raising $150 million in debt and equity.
