H2O, a Japanese vacation rental management platform, raised $7 million in Series B funding from Samsung Ventures, Stonebridge Ventures, IMM Investment, and Shinhan Capital.

Japan’s tourism industry is booming, but it faces a hotel room shortage, especially in Tokyo as the country prepares for the Summer Olympics. H2O (the name stands for Hospitality 2.0) addresses the market opportunity with a platform that helps vacation rental owners manage their properties. The startup announced today it has raised $7 million in Series B funding from Samsung Ventures, Stonebridge Ventures, IMM Investment and Shinhan Capital, bringing its total raised to $18 million.