Electronics

Guesty raises $ 50 million as spotlight remains in the short-term rental sector

Guesty Raised a $ 50 million Series D round, bringing the total funding of the short-term rental property management platform to $ 110 million.

The Apax Digital Fund led the Series D round with the participation of the AMI Opportunities Fund and existing investors, Viola Growth, Flashpoint, Vertex Ventures, Kingfisher Investment Advisors and La Maison Partners.

Guesty claims that this round will make it the most funded real estate management software company to serve alternative accommodations.Previously, a Tel Aviv-based company in March 2019 Raise $ 35 Million Series C Round..

“As a direct result of the pandemic, short-term rentals have become mainstream, and by responding to an growing user base that expects home comfort and privacy coupled with hotel-like facilities, we have an exciting chapter in the company’s life cycle. “We will be in,” said Amiad Soto, co-founder and CEO of Guesty.

“US 2021 summer bookings alone are now up 282% compared to last year and 32% compared to pre-COVID 2019 volumes. These numbers highlight a bright future. Guesty is at every stage to support our customers and the industry that has shown resilience in an unimaginable year when many have had to quickly pivot and adjust their business models. I’m looking forward to it.

“We are strongly emerging together on the other side as a community that believes in the evolution of travel.”

In addition to the funding round, Guesty also announced the acquisition of a property management software company. Your porter.. The terms and conditions of the agreement have not been disclosed, but the YourPorter team will be integrated into Guesty.

The acquisition is Guesty’s second acquisition this month: early April, Guesty acquires MyVR Expand the company’s footsteps in North America.

Guesty states that both Your Porter and MyVR will help the platform host businesses of all sizes, from small family businesses to enterprise-scale hospitality brands.

With this latest investment round, Guesty will enhance its product capabilities to serve diverse customer segments and recruit new talent. There are also plans to build a marketplace for third-party integrated partners such as digital concierges and keyless entry solutions.

The acquisition of Your Porter further demonstrates what experts say. Integration trend Occurs in short-term rental space.

The most notable deal that emerged from the pandemic so far was Vacasa last month. Announcement of acquisition Turnkey vacation rental.

Founded in 2013, Guesty users can manage lists from multiple online travel agencies such as Airbnb, Booking.com, Vrbo and Agoda.

https://www.phocuswire.com/guesty-raises-50-million-as-spotlight-remains-on-short-term-rental-sector Guesty raises $ 50 million as spotlight remains in the short-term rental sector

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