Neu was in hassle when the COVID-19 pandemic hit earlier this 12 months. The corporate’s enterprise, which supplies cleansing companies to Airbnb hosts, dried up seemingly in a single day. The Seattle startup furloughed its operations group and needed to re-evaluate its complete roadmap.
However as trip rental bookings started to recover, Neu bounced again. It added masks, gloves, and disinfectants into its provide chain, and ensured that it met Airbnb’s new enhanced cleansing protocols.
“Ultimately, we persevered and the pandemic forced our company to evolve to best cater to the needs of our customers and recognize ways that we could do more,” stated Neu co-founder Kwame Boler.
Now the Techstars Seattle graduate has contemporary capital to gasoline development. Neu simply raised a $700,000 spherical led by New Stack Ventures. Techstars and MTT Ventures additionally participated, together with particular person traders together with Rudy Gadre, Forest Key, Adam Brownstein, Brian Saab, Greg Greely, and Bob Crimmins.
The money might be utilized in half to assist Neu increase to Scottsdale, Az. later this 12 months.
Puget Sound Business Journal first reported the brand new funding.
Neu is targeted on trip leases however has its sights on a a lot bigger imaginative and prescient of focusing on different verticals akin to industrial and residential.
“Currently, we’re disrupting the vacation rental industry, but inevitably, we’ll build the world’s largest cleaning platform,” Boler stated.
Neu participated in the newest Techstars Seattle cohort. Boler and his co-founder Claudius Mbemba had been amongst the finalists for Young Entrepreneur of the Year at this 12 months’s GeekWire Awards. Neu was additionally a part of GeekWire’s Elevator Pitch series in 2018.
The 9-person firm has raised $800,000 so far.