The newest funding secured by Piney based in Cyprus.
👯 Founder(s): Nikolas Chrysostomou (Founder & CEO)
📅 Founding year: 2022
🏭 Industry: PropTech
💥 Problem: Short- and medium-term rental property managers struggle to scale due to fragmented, manual coordination across multiple vendors for cleaning, linen, and supplies. This manual friction creates high operational workloads and inconsistent quality control across growing property portfolios.
📣 Solution: Piney delivers a unified operating technology layer that automates cleaning, laundry, linen management, and amenity supplies through a single platform. This enables property management services to scale with the efficiency and consistency of a software company.
👥 Customers: Professional short-term and medium-term rental property managers (currently serving ~5,000 properties across Spain, Portugal, Greece, Cyprus, France, and the United States).
🎳 Team size: 51-200
🌱 Stage: Seed
💰 Investment amount: €1.6 million
🚀 Funded by: Uni.fund (lead), 33East
👁️🗨️ Investor’s perspective: "The short- and medium-term lease market is being professionalized rapidly and the operating part is the most difficult to do so. Piney has built the infrastructure this industry needs and we are excited to support the team as it escalates it globally." — Yiannis Eftychiou, Partner at 33East
💡 It will be spent on… Deepening market presence in existing European hubs, accelerating technology platform development (specifically expanding AI capabilities), and driving global market expansion, starting with its recent launch in Miami.
💬 In their own words: "This round is about getting what we’ve proven in Europe and taking it into the world. In less than two years we almost quadrupled the properties we serve, and our technology, with ever-increasing artificial intelligence, is what makes this pace possible. Property managers everywhere face the same operational challenges and with Miami we show that the Piney model is traveling." — Nikolas Chrysostomou, Founder & CEO
💪 Their specialty… Integrates computer vision AI to evaluate photos taken on-site by cleaners during turnover checks in real time, catching and correcting quality issues before staff leave the property rather than after a guest checks in.
🔑 Business model: Operations-as-a-service — Piney charges short- and medium-term rental property managers to outsource turnover operations (cleaning, laundry, linen, and guest amenities), coordinated through its proprietary technology platform, allowing it to scale like a software company rather than a traditional hospitality business.
💸 Funding so far: €2.8 million
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