The Collectionnist opens up to a British investor to finance its arrival in the UK. The luxury serviced property rental platform has mandated Cambon Partners to raise €40.5 million in Series C financing from London-based investment fund Highland Europe.
The latter is followed by luxury investor Olma Luxury Holdings, family office Famille C (which includes the Courtin and Clarins names) and business angels Nicolas Béraud (Betclic), Fabrice Grinda (FJ Labs), Nathalie Le Roy and Xavier Romatet (Institut Français de la Mode).
Franco-American VC Red River West, which entered in September 2017 during the €8m+ Series B round (read below), is reinjecting.
The package raised is completed by financing of around 19.5 M€ subscribed with Swiss banks Pictet and Lombard Odier. In total, the rental company has raised more than €50m since its launch, including an initial round of €1.5m in January 2016 (read below).
A fleet of 1,800 properties
This operation also enables Collectionist to open new offices in the United States.
This marks the first time the company has expanded outside Europe, with operations currently in France, Spain and Switzerland, and plans to arrive in the UK shortly.
Founded in late 2012 by Max Aniort, Olivier Cahané and Elliot Cohen, but really launched with its current positioning in April 2014, it targets a wealthy clientele, enabling them to rent private properties such as seaside villas or mountain chalets.
Today, its portfolio includes 1,800 properties in 30 countries across Europe, as well as in the Caribbean, Morocco, South Africa and Costa Rica. Since 2020, The Collectionist claims to be generating four times more demand, multiplying its number of occupied properties by 3.5 and its sales by 5.5.
Expecting to recruit more than 120 employees by 2023, it earns a commission of around 20% on the price of each stay.
Previously, the rental operator has also made a name for itself through its external growth operations, with the takeovers of its Spanish counterpart Bonder & Co in 2017, and Swiss luxury chalet specialist Bramble in 2021.
Discover Le Collectionist website
