Piney Secures €1.2 Million to Expand its European footprint
Piney, the innovative provider of cleaning services and technology solutions for Short Term Rental Property Managers, has successfully secured a €1.2 million funding round led by Uni.fund, with the participation of VENTERI Capital and an Angel Investor, while YourHero/Douleutaras retains a major stake after helping incubate Piney during its early stages. This milestone marks a significant step in the company’s journey to revolutionize property management and elevate service standards across Europe.
Piney’s Success Story
Piney started with a simple idea: make operations easier and more reliable for property managers. Piney offers a comprehensive suite of services for Property Managers, including cleaning, laundry, ironing, sourcing and placing of amenities, and linen management. Property managers can easily track and manage these services through Piney’s technology platform, ensuring consistent and high-quality results.
Founded on the principles of efficiency, reliability, and seamless technology integration, Piney is serving over 1,300 properties across Europe and completing more than 4,000 cleanings per month. Piney currently operates in Cyprus, Greece, and Portugal, and with the latest funding, it’s gearing up to expand into Spain, Italy, and France.
“We are thrilled to secure this funding, which will enable us to bring Piney’s unique value proposition to larger markets,” said Nicolas Chrysostomou, founder and CEO of Piney. “Our service is designed to simplify operations for property managers, and this funding will allow us to support even more clients with the quality they’ve come to expect from us.”
Fueling Growth and Innovation
The €1.2 million investment will drive Piney’s expansion into new markets and accelerate technology development. The company aims to strengthen its customer support, enhance its technology platform, and grow its supplier network, making its services even more accessible to property managers.
Investors were impressed by Piney’s scalable business model, operational efficiency, and portfolio growth which includes some major European property managers.
“This investment underscores the confidence the market has in Piney’s vision and operational capabilities,” said Sotiris Papantonopoulos, Partner at Unifund. “We are excited to be part of Piney’s journey as they continue to innovate and scale in the property management space.”
As Piney enters this exciting new chapter, it remains dedicated to delivering top-tier service to property managers while setting new industry standards.
For more information about Piney, visit www.piney.eu.
