2010 launch march 2011 headquarters singapore key people stephan uhrenbacher chairman founder roman bach co founder website www.9flats.com 9flats is a peer to peer property rental company for private accommodations . travelers book to stay in other people s residences 1 and property owners rent out their private accommodations . 2 it was launched by german internet entrepreneur stephan uhrenbacher founder of qype and former head of northern european operations for lastminute.com . 2 3 the site is a european competitor to the us based airbnb . 4 in 2014 roman bach was named ceo ; he vacated that post in april 2016 . uhrenbacher moved to the advisory board . 5 contents 1 history 2 business model 3 references 4 external links history edit the founders secured funding from venture capital fund e.ventures citydeal groupon and launched 9flats . com in february 2011 2 with an inventory of 5 000 places . 6 the company was based in nine different locations around the world 7 but is now headquartered in hamburg . 2 in may 2011 9flats secured another round of investment from venture capital funds redpoint ventures homeaway profounder ex lastminute.com and greycroft partners bringing the total funding to us 10 million . 8 in january 2012 9flats completed a round of funding led by t venture the venture capital arm of deutsche telekom ag . this round included redpoint ventures and e venture capital partners hamburg . 9 in april 2012 9flats had over 50 000 members and 30 000 hosts 10 in 104 countries . 11 in late 2011 9flats became the first well known european or north american company in the social travel space to open an asian office in singapore led by vp of asia ng wei leen establishing a presence ahead of global competitors like airbnb . 12 13 in august 2012 9flats acquired the toronto based competitor istopover extending its service to north america and growing its property base to 100.000 apartments . 14 15 9flats is growing by 300 % despite tight competition . 16 in march 2013 9flats introduced bitcoin as payment method and is ever since supporting projects around the cryptocurrency . 17 in 2014 9flats announced that it is the first profitable player in the social travel industry . 5 in november 2014 9flats introduced a new payment option book now pay later . 18 business model edit the website uses a collaborative consumption model 19 to enable people to share resources . people looking for short term accommodation book other people s private places online or through a telephone booking line and property owners pay a fee for this service . 9flats is the only player in this field that does not charge the guest anything all fees are paid by the host . 20 references edit couts andrew . travel hotel free by finding unique lodging online . digital trends . digital trends . retrieved 21 march 2011 . a b c d solon olivia 17 may 2011 . 9flats launches in uk lets you rent your spare room to the web . wired.co.uk . retrieved 21 march 2012 . http stephan uhrenbacher.com about palmer maija 28 october 2011 . berlin emerges as technology challenger . financial times . retrieved 21 march 2012 . a b http techcrunch.com 2014 02 20 9flats founder moves upstairs seiderer sophia 16 march 2012 . schlafplatzvermittlung im internet von sofa bis penthouse . die welt . retrieved 21 march 2012 . uhrenbacher stephan . 9flats . com . stephan uhrenbacher blog . stephan uhrenbacher . retrieved 21 march 2012 . bradshaw tim 31 may 2011 . airbnb moves aggressively into europe . financial times . retrieved 21 march 2012 . bernau varinia 12 january 2012 . was die telekom mit groupon und 9flats vorhat . s ddeutsche zeitung . retrieved 21 march 2012 . 9flats . 9flats linkedin overview . 9flats linkedin page . linkedin . retrieved 11 april 2012 . hall max 11 january 2012 . 9flats gets multi million deutsche telekom funding . www.venturevillage.eu . retrieved 21 march 2012 . wit web in travel 9flats banks on security and customer service to make it big in asia . classic.webintravel.com . retrieved 2015 09 23 . airbnb sets up singapore office . sg magazine online . retrieved 2015 09 23 . http gigaom.com europe airbnb rivals consolidate as 9flats picks up istopover http techcrunch.com 2012 08 06 9flats acquires istopover to put the heat on airbnb doubles its rentals capacity http stephan uhrenbacher.com what i do entrepreneur investor coach 741 vigna paul 20 november 2013 . bitcoin couple travels the world using virtual cash . the wall street journal . https www.9flats.com de tunguz tomasz 17 march 2011 . how collaborative consumption is transforming startups . huffington post business . www.huffingtonpost.com . retrieved 3 march 2012 . gray faust chris october 23 2011 . airbnb couchsurfing roomorama on the rise . san francisco chronicle . retrieved 11 april 2012 . external links edit 9flats . com official site retrieved from https en.wikipedia.org w index.php title 9flats & oldid 743420458 categories travel websitescompanies of singaporehidden 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