PriceLabs, a Chicago, IL-based leading provider of dynamic pricing and revenue management solutions for the short-term rental industry, announced that it raised a $30 million minority growth investment from Summit Partners, a global alternative investment firm.
This funding represents the first financing for the profitable business and will support PriceLabs’ continued commitment to building leading revenue management solutions and fueling global team growth.
Funding Month: July 2022
Lead Investors: Summit Partners
Company Website: https://hello.pricelabs.co/
Software Category: Revenue Management Software
About the Company: PriceLabs was founded in 2014 to bring sophisticated AI and analytical tools to owners and managers of vacation homes and short-term rentals. PriceLabs is a leading provider of innovative and easy-to-use dynamic pricing and revenue management solutions for the accommodation industry. PriceLabs provides a data-driven approach, automation rules, and customizations to manage price and stay restrictions that help the owners and managers of vacation rentals increase revenues with efficiency and ease. With over 70 integrations and a growing list of channels and property management systems, PriceLabs’ automated revenue management solution is built to serve the needs of everyone from large property managers to single-property owners. PriceLabs powers over 150,000 listings in more than 100 countries. The company has been growing steadily since its founding, with an offering that has resonated with vacation rental businesses of all sizes, from single-property owners to large property managers. Recently, PriceLabs won SaaSBoomi’s 2021 Bootstrapped Startup of the Year award after having grown nearly 3x in 2021.