Guesty, a Walnut, California-based property management platform for short-term and vacation rentals, announced that it raised $170 million in funding.
The round was led by Apax Digital Funds, MSD Partners, and Sixth Street Growth, with participation from Viola Growth and Flashpoint.
Guesty will use the new funds to expand its global operations, develop new solutions and offers to meet the rising demands of its customers, and enter new business verticals that will enable hosts, property managers, and hospitality providers of all sizes to succeed.
Guesty will continue to expand its industry-leading R&D team to accelerate its pace of innovation, improving automation workflows and expanding into new areas such as financial and payment solutions, damage protection coverage, and other verticals that allow customers to manage even more aspects of their business directly from its platform.
Company: Guesty, Inc.
Raised: $170.0M
Round: Unknown
Funding Month: Aug 2022
Lead Investors: Apax Digital Funds, MSD Partners, and Sixth Street Growth
Additional Investors: Viola Growth and Flashpoint
Company Website: https://www.guesty.com/
Software Category: Property Management Software
About the Company: Founded in 2013 by twin brothers Amiad & Koby Soto, Guesty is a property management software that offers property managers and management companies an end-to-end solution to simplify the complex operational needs of short-term rentals. Guesty allows users to manage listings from numerous online travel agencies such as Airbnb, Booking.com, Agoda, and TripAdvisor, as well as leverage the company's guest-centric solutions such as Unified Inbox, Automation Tools, 24/7 Guest Communication Services, Payment Processing, and more. Guesty increased its R&D team to over 150 personnel in the last year and the entire company to around 600 employees. Guesty is devoted to carrying out its long-term vision of converting the concept of a PMS into an all-encompassing operating system that meets the modern needs of hosts and hospitality operators worldwide.
Source: https://www.guesty.com/blog/guesty-raises-170-million-funding-round/