Altovita

Kravluxe, which trades as Altovita, raised with SyndicateRoom in January 2019. £93,000 was committed by 20 SyndicateRoom investors, which Altovita plans to spend on:

  • Marketing
  • Web Development & Technology
  • Expansion
  • Staff & Salaries

The story

In 2016, Airbnb introduced a 90-day limit for its London lettings – after discovering that 23% of its ‘entire home’ London listings were being let for 3 months+ illegally. Altovita aims to take the risk out of midterm rentals. Its website lists homes across Europe for travellers looking for non-standard leases – using AI to screen out potential scams. Headquartered in London, Altovita currently lists properties in London, Prague, Vienna, Budapest, Dublin, Warsaw, Lisbon, Berlin, Valencia, Marbella, Bratislava and Brno.

Around one million holidaymakers experienced fraud when booking through Airbnb in 2016-17, but careful vetting of properties and hosts could reduce the chance of scams. Altovita believes its AI reduces the risk of scam properties by comparing images online. It also analyses the quality of properties, by automatically tagging and qualifying its features. This means unsuitable properties can be weeded out early, saving the Altovita team (which personally visits its potential rentals as part of the listing process) from taking unnecessary trips.

Altovita also uses AI to carry out user profiling and matchmaking between clients and properties. Once a customer has made a personal profile on the Altovita site, or outlined their preferences in a message to its chatbot, AI recommends a selection of listings based on their requirements.

Since its launch in July 2017, Altovita has reported the following traction:

  • Over 1,000 listed properties across 12 European cities, with 10,000 in the pipeline
  • Over 3,500 monthly visitors
  • Over 500 monthly enquiries from online traffic and offline partners

Where are they now?

During its raise, Altovita opened listings in Copenhagen – its thirteenth European city. Please check back here to find out more updates from Altovita.

See current opportunities

EnteroBiotix

EIS
Pharmaceuticals & Biotechnology
EnteroBiotix is pioneering treatments for diseases associated with imbalances of gut-dwelling microbes.

Active

Trading status

£25,995

Average investment

£1,663,690

Total raised

Interpac

EIS
Engineering & Manufacturing
Interpac has developed a cardboard corrugator which does not rely on steam, making it a fraction of the size and cost of conventional machines.

Active

Trading status

£9,123

Average investment

£638,644

Total raised

Bockatech

EIS
Engineering & Manufacturing
Bockatech has developed a sustainable plastic alternative, EcoCore, for use in the manufacture of packaging.

Active

Trading status

£15,883

Average investment

£873,576

Total raised

MeasureMatch

EIS
Software & Computer Services
MeasureMatch is a global on-demand professional services marketplace platform for ambitious marketing, commerce and CX business leaders to get important software systems, data management and data science work done.

Active

Trading status

£12,948

Average investment

£375,490

Total raised

Lomi Artificial Intelligence

EIS
Software & Computer Services
Lomi generates quality leads for marketing and sales teams.

Active

Trading status

£9,674

Average investment

£222,501

Total raised

The Drop

EIS
Marketplaces & e-commerce
The Drop makes bespoke suits on-demand, putting the customer at the heart of the process while combatting the increasing wastage associated with fast fashion.

Active

Trading status

£22,301.00

Average investment

£490,614.18

Total raised