Guesty, a startup that designed a property management software used by hosts who list through sites like Airbnb and Booking.com, just raised $50 million and purchased competitor Your Porter.
The Israel-based company has been on a steady track of growth and expansion lately two years ago, it secured $35 million in Series C funding and, last month, acquired Y Combinator-backed property management platform MyVR.
The latest Series D funding round is led by Apax Digital Fund and also includes AMI Opportunities Fund as well as existing investors Viola Growth, Flashpoint, Vertex Ventures, Kingfisher Investment Advisors and La Maison Partners. On the same day, Guesty announced that it has acquired Your Porter, a smaller property management company specializing in family-run rentals.
Property Management Platform Guesty Raises $50M in Series D Funding, Signaling a Year of Recovery for the Short-Term Rental Ecosystem
LOS ANGELES, April 27, 2021 /PRNewswire/
Guesty, the leading property management platform that automates and streamlines all complex operational needs accompanying short-term rental management, today announced it has raised $50M (£36M) in Series D funding, led by the Apax Digital Fund with participation from the AMI Opportunities Fund, both advised by Apax Partners ( Apax ), and existing investors Viola Growth, Flashpoint, Vertex Ventures, Kingfisher Investment Advisors and La Maison Partners.
The round brings the company s total funding to $110M (£79M), cementing its position as the highest-funded property management software fueling the alternative accommodation ecosystem, a competitive market in which small and large hospitality brands are increasingly relying on robust tech solutions to professionalise their operations in order to grow and
Los Angeles-based Guesty, a developer of property management software for the short-term rental market including Airbnb, Booking.com, Agoda, Vrbo and TripAdvisor has raised $50M in a Series D funding, the
Property management startup Guesty raises $50M and acquires competitor Your Porter
Guesty, which has created property management software for hosts on short-term rental platforms like Airbnb and Vrbo, is announcing that it has raised $50 million in Series D funding.
“In the public markets, there are many players in hospitality property management,” said co-founder and CEO Amiad Soto. “The same thing goes with residential property management. In short-term rentals, there’s no public player you can bet your money that we are eyeing that target.”
In the past year, Guesty expanded to support other types of property, including multi-unit listings and “aparthotels.”