Vikey and the smart revolution of the vacation rental: LVenture Group and Angel Partner Group invest 300K Euros

12 June 2017
Vikey is the innovative startup in the IOT and hospitality industry that has revolutionized how to check-in during holidays, digitizing the process.

LVenture Group, holding company listed on the MTA of the Italian Stock Exchange which operates in the venture capital industry, and some members of Angel Partner Group (APG), business angel group that has LVenture Group among its founders, carried out an investment operation worth a total of €300K in VikeyThrough a Home Control service, the startup allows holiday home managers to check their customers’ check-in and check-out phases directly from their smartphone.

The startup opened a capital increase of 300K euros, of which 150K euros were raised by LVenture Group and the remaining 150K by Angel Partner Group’s business angels. Vikey was presented last May during the Investor Day of Angel Partner Group to an audience of investors who immediately recognized the potential of the market.

Vikey operates in the ‘Vacation Rental’ sector, a growing global market with a current value of over $25B and reaching $37 billion in 2020. There are over 1,5 million holiday apartments in the world, more than 50% (790,000) in Europe and 120,000 in Italy. It is a consolidated market and consists of large players in search of M & A in new technologies and services. It is no coincidence in 2016 it attracted more than $300M of venture capital funds.

‘We know how vital is to actively involve investors in the early stages of life of a young company, so the synergy between LVenture Group and APG is indispensable at startups to mature and grow, but also to investors to guide in the safer and promising investments. Our true value is in the ability to facilitate the meeting of the best startups with the investors and to create a solid bond of mutual benefit, based on the achievement of their goals” stressed Roberto Magnifico, Chairman of Angel Partner Group.

Vikey is the first startup that allows any holiday apartment manager to fully open the apartment building and home doors remotely, simply with a touch on the dedicated app. It is a solution to streamline and facilitate the management of check-in and check-out, and to simultaneously occupy more than one apartment, overcoming the main problems of the holiday home market. The Vikey project was born from a team of Italian professionals from the hospitality, computer engineering, and electronics markets which have put their expertise at the hands of managers who want to improve the efficiency of their own activities. Today Vikey is present in Rome, Milan and Florence with more than 2,000 users and is preparing for new openings in Venice, Verona, Turin, Naples and Palermo with the goal of reaching 10,000 users by the end of 2017.

‘We are really excited that LVenture Group and APG are supporting us in this challenge and have decided to bet on us. The Vacation Rental market is constantly evolving and the new frontier is the digitization of services. With Vikey we want to revolutionize the check-in experience by providing the first digital and universal key to access holiday homes, directly from the smartphone” said Vikey’s CEO Luca Bernardoni.