The world can’t wait to travel. Yet the hospitality industry is struggling, with hotels all around the world closing their doors. While proptech has seen many global solutions for the residential housing, few have tried to approach the hospitality space. In our vision to redefine hospitality, we’re thrilled to announce Wayfarer has successfully raised 104 million yen seed round, led by Persistence Capital, with participation by Arculli & Associates, Jyuban Ltd and strategic Angel investors. As Japan’s leading tech-first hospitality management platform, this brings our total funds raised to 214 million yen.
Identified by the Japan External Trade Organization (JETRO) and Techstars as a leading startup in Japan with global potential, Wayfarer plans to use the funds to scale room count, refine design & branding and build its development team. With borders re-opening we’re more excited than ever to build an amazing brand and product that travelers will love while enhancing the value of hotels for property investors!