UK: The parent company of Q Global Network, QIG Holdings, has made an eight figure investment in prop-tech company Homelike to create a flexliving platform.
The deal between QIG Holdings and the technology firm will begin with a merger between Homelike and Q Global Network (QGN). Under the Homelike brand, the companies will combine its product offerings to tap into both B2C and B2B markets.
In 2023, Homelike has recorded booking requests of USD $500 million along with a booked volume of USD $100 million. The portfolio totals more than 180,000 apartments in more than 70 countries post-merger, with over 750 active business customers.
Philipp Morawietz, managing director of Homelike, said: “We are thrilled and exhilarated by the trust and confidence which is put into Ioannis and myself through this investment by QIG. We fully believe in the shared vision with the QIG management team.
“The merger of the global supply base and network of corporate decision makers at QGN, along with Homelike’s platform, state-of-the-art technology and exceptionally talented team offers the unique opportunity to propel the long-stay industry into the next dimension. With this globally unique combination, we are in the ideal position to solve the industry’s most eminent digitisation challenges around global portfolio management.”
Ioannis Papadopoulos, managing director of Homelike, added: “We would like to express our gratitude to QIG for their trust and confidence in the Homelike team. This investment is a testament to the hard work and dedication of our entire team. As we look ahead to the future, we are excited about the opportunity to drive the long-stay industry into new dimensions and deliver even greater value to our customers.”
CEO of QIG Holdings, Colum Campion said: “This investment in Homelike which forms part of our strategic investment strategy will position QIG Holdings at the forefront of the technological changes happening in the industry. We have found in Homelike a dynamic management team and robust business model, with a growing market presence that have developed a platform with the infrastructure to positively influence global markets and evolve the sector.
“Through further planned tech developments, we believe over the coming months and years we will enhance Homelike’s market presence and significantly increase its global reach. We believe the Homelike platform can drive the changes needed to improve customer and supplier experience, bring about transparency and efficiencies, and become the leader in this field.”
