Ukrainian venture syndicate TOLOKA has invested $1.7 million in Portoro, an American company that is changing the luxury short-term rental market with the help of artificial intelligence.
Ukrainian venture syndicate TOLOKA has invested $1.7 million in Portoro, an American company that is changing the luxury short-term rental market with the help of artificial intelligence.
Along with the financial agreement, TOLOKA received an observer seat on the board of directors, which allows it to influence Portoro's development strategy, AIN reports .
Portoro creates a unified technology ecosystem for luxury real estate owners in resort regions of the U.S. Thanks to artificial intelligence-based analytics, Portoro clients earn 37% more.
The company generated $2.7 million in gross revenue (GBV) in 2023. It plans to have 5,000 properties and $100 million in EBITDA by 2028.
The Ukrainian venture syndicate TOLOKA.vc was founded in 2023 by Taras Kyrychenko, Igor Shoifot, and Oleksandr Kolb. It currently has over 1,000 investors, and the total amount of invested funds has exceeded $17 million.
