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Altovita's mission is to revolutionise the corporate housing and global mobility world by bringing to market a triumvirate of innovative thinking, better tech capability and alternative accommodation.
Employment within the corporate world offers employees a wide range of benefits, including being able to travel the world, but corporate travel comes with the pitfalls of short-term accommodation rental, which can be uncomfortable and ill-suited to working on the go.
AltoVita provides a short-term property rental marketplace and platform for enterprises, curating a portfolio of over a million homes that are designed with corporate travel in mind. Each property includes high-speed WiFi and the personalised services necessary for employees to work from anywhere in the world, in addition to providing other comforts such as premium toiletries, linen, and kitchen facilities.
Whilst marketplaces such as Airbnb and Booking.com dominate the short-term rental tourism industry, AltoVita has identified that such solutions do not meet the needs of corporate travellers. Through its uniform property standards, the company aims to make travelling with work a more enjoyable and productive experience, ultimately boosting revenue and productivity for the corporation.
Since founding in 2018, AltoVita states it has achieved 4x year/year growth, an impressive feat that showcases it is meeting a real need for corporate travellers. It has raised considerable funding that is cited to support its growth strategy, which includes building out its property portfolio from around 1 million to 2.5 million properties in the near future.
Steph
Company Specialist at Welcome to the Jungle
Dec 2022
$9.5m
SERIES A
Dec 2018
$0.4m
SEED
This company has top investors
Vivi Cahyadi Himmel
(CEO)Experience as Investment Banking Analyst for Credit Suisse from 2004 to 2006 and for Lehman Brothers from 2006 to 2008. CEO of PGP Land from 2009 to 2015.
Karolina Saviova
(COO)Experience as Country Coordinator, Editor, and Director for The Oil & Gas Year from 2015 to 2016. President of the Alumni Association of Lycée Français de Prague since 2016.