Swimply
{{short description|Online platform for pool rentals}}
{{Infobox website
| name = Swimply
| logo = Swimply Logo.png
| type = Private
| industry = Online marketplace
| launched = {{Start date and age|2019|06}}
| headquarters = Los Angeles
| area_served = {{Unbulleted list|United States|Canada|Australia}}
| key_people = {{Unbulleted list| Bunim Laskin {{small|(Founder}})| Derek Callow {{small|(CEO)}}}}|
| services = {{Unbulleted list|Short-term rental||Recreation & Leisure}}
| website = {{Website|swimply.com}}
}}
Swimply is an online marketplace for renting private swimming pools, sport courts, and houses by the hour. Owners can list amenities (such as pools, music studios, pickleball courts, gyms, etc) located on their property or entire houses for hourly rentals to individuals or groups. Reservations are made via the Swimply mobile app for Android or iPhone or via the company's website. Communication with guests, selection of amenities, and payment are all handled through the Swimply platform.{{cite news |title=Does Swimply offer host liability insurance or protection if my property is damaged? |url=https://swimply.zendesk.com/hc/en-us/articles/1500006660961-Does-Swimply-offer-host-liability-insurance-or-protection-if-my-property-is-damaged- |accessdate=7 May 2021 |work=Swimply.com}} Swimply currently operates in the United States, Canada, and Australia.
History
Founder Bunim Laskin came up with the idea for the app at the age of 20, after noticing a neighbor's pool which was rarely in use.https://www.timesofisrael.com/pool-rental-app-dives-into-deep-end-of-sharing-economy/amp/ He rented their pool in exchange for assistance paying for the pool's upkeep.{{cite news |last1=Callaghan |first1=Greg |title=Would a swimming pool-sharing app make the same splash in Australia as it has in the US? |url=https://www.smh.com.au/world/north-america/would-a-swimming-pool-sharing-app-make-the-same-splash-in-australia-as-it-has-in-the-us-20191105-p537j2.html |accessdate=9 August 2020 |publisher=The Sydney Morning Herald |date=9 November 2019}} He then realized that he might have a scalable business plan and began finding other neighbor's pools using Google Earth's satellite photos. Launching as Swimply (swimming and simply), he soon had over 30 pools listed, 400 reservations and was featured on MSNBC. By the end of the year he dropped out of college to pursue the business full-time.{{cite news |last1=Handy |first1=Bruce |title=At Last, An Airbnb for Pools |url=https://www.newyorker.com/magazine/2019/09/09/at-last-an-airbnb-for-pools |accessdate=9 August 2020 |publisher=New Yorker |date=2 September 2019}}{{cite news |last1=Lidman |first1=Melanie |title=Pool rental app dives into deep end of sharing economy |url=https://www.timesofisrael.com/pool-rental-app-dives-into-deep-end-of-sharing-economy/ |accessdate=9 August 2020 |publisher=The Times of Israel |date=23 September 2019}}
In November 2019, Swimply expanded to Australia.{{cite news |last1=Smith |first1=Andrea |title=The Airbnb of swimming pools expands to Australia |url=https://www.lonelyplanet.com/articles/swimply-expands-to-australia |accessdate=9 August 2020 |publisher=Lonely Planet |date=28 November 2019}}
Laskin appeared on a March 13, 2020 episode of Shark Tank pitching an investment opportunity in his company.{{cite news |last1=Heyn |first1=Beth |title=Swimply on 'Shark Tank': 5 Fast Facts You Need to Know |url=https://heavy.com/entertainment/2020/03/swimply-swimming-shark-tank/ |accessdate=9 August 2020 |publisher=Heavy.com |date=13 March 2020}}{{cite news |last1=DeMuro |first1=Rich |title=People are renting out their pools by the hour to strangers using an app called Swimply and making thousands of dollars in the process |url=https://ktla.com/morning-news/technology/pool-rental-app-swimply-review-shark-tank/ |accessdate=9 August 2020 |publisher=KTLA |date=29 July 2020}} All Sharks declined.{{cite web | url=https://www.youtube.com/watch?v=2CVHdT89xTI | title=How Fast Can Swimply Owner Talk in Order to Get a Deal? | Shark Tank US | Shark Tank Global | website=YouTube }} Asher Weinberger (former COO) later claimed the Sharks declined his offer partly due to the pandemic and the country going into lockdown.
== Funding and revenue ==
Laskin received $30,000 from family and friends, followed by $1,200,000 in an initial seed round.{{cite news |last1=Ganzallo |first1=Simeon |date= |title=Swimply – Latest Shark Tank Update! |url=https://techiegamers.com/swimply-net-worth/ |accessdate=December 20, 2024 |publisher=TechieGamers.com}}{{cite news |last1=Rodrigues |first1=Ashwin |title=Startup of the Week: An 'Airbnb for Pools' Where the Hosts Are Stock Images |url=https://www.vice.com/en/article/startup-of-the-week-san-airbnb-for-pools-where-the-hosts-are-stock-images-swimply/ |access-date=9 August 2020 |publisher=VICE |date=7 November 2019}} Another round of funding fell through due to the COVID-19 pandemic, but the company did see a 4000% increase in revenue{{Cite web|title=Swimply raises $10M for pool marketplace|url=https://techcrunch.com/2021/05/05/how-4-new-jersey-pools-turned-into-a-startup-that-just-raised-10m/|access-date=2021-08-05|website=TechCrunch|date=5 May 2021 |language=en-US}} during 2020. In 2021, Swimply closed a $10 million Series A round in 2021 led by Norwest Venture Partners.
The round was followed on by Trust Ventures and other notable angels, including Poshmark CEO Manish Chandra and Ancestry.com CEO Debora Liu.
Swimply follows a similar pricing model to Airbnb, where commission fees are incurred both on the host and guest side.{{cite news |last1=McDermott |first1=Maura |title=Swimply's LI co-founder says business is booming for hourly pool rentals |url=https://www.newsday.com/business/coronavirus/swimply-hourly-pool-rental-1.47752245 |accessdate=9 August 2020 |publisher=Newsday |date=5 August 2020}} Hourly rentals start at $20 per hour in most markets{{cite news |last1=Friedman |first1=Gillian |title=Pandemic Luxury: 'Concierge-Style' Coaches and $350 Movie Tickets |url=https://www.nytimes.com/2020/07/21/business/coronavirus-luxury-economy.html |accessdate=9 August 2020 |work=The New York Times |date=21 July 2020}}{{cite news |last1=Lowe |first1=Lindsay |title=Now you can rent your neighbor's swimming pool by the hour |url=https://www.today.com/home/swimply-app-lets-you-rent-your-neighbor-s-swimming-pool-t160207 |accessdate=9 August 2020 |publisher=TODAY |date=6 August 2019}}
Liability
As of 2023, Swimply no longer provides a liability insurance policy. Swimply cancelled their insurance and replaced it with a "host guarantee" of $1 million that is self funded and $10,000 of property protection for hosts inside the United States. Swimply requires pool owners to have their pools inspected for health and safety including inspection of tiles and chlorine levels.{{cite news |last1=Hazarika |first1=Bharbi |title=Don't have a backyard pool? Swimply, the Airbnb of pools, might be your answer |url=https://www.latimes.com/lifestyle/story/2019-09-20/swimply-ap-pools-airbnb-app |accessdate=9 August 2020 |work=Los Angeles Times |date=21 September 2019}}