Overmoon emerges from stealth with $80m debt and equity funding
US: Tech-enabled vacation rental platform Overmoon has emerged from stealth by raising $80 million in equity and debt funding.
Lyric to relaunch under new ownership after Black Swan purchase
US: Apartment-style accommodation provider Lyric is to be revived under new ownership after being acquired by Florida-based investment advisory firm Black Swan.
Lyric on the brink as co-founder Fraiman departs
US: San Francisco-based startup Lyric has closed all but one of its locations offering furnished short-term rental units since the start of the Covid-19 crisis, and its co-founder, Joe Fraiman, has now confirmed that he has departed for personal reasons. Lyric, which has raised around $180 million to date, including a $160 million Series B […]
“A momentous occasion for the industry”: Joe Fraiman, Lyric, at FLEX
US: Lyric founder and president, Joe Fraiman, speaks to ShortTermRentalz at the inaugural FLEX Conference in San Francisco, calling it a “momentous occasion for the industry”, and discusses investment plans and the future of the master lease model. For more information, visit the Lyric website here.