Guesty Raises $130 Million to Fuel Global Expansion
Company to Invest in Technology, Customer Support, and Team Growth
New York, New York - February 6, 2024
Guesty, a leading property management platform for vacation rentals, today announced that it has raised $130 million in a Series E funding round led by KKR. The investment will be used to accelerate Guesty's global expansion, invest in technology and customer support, and grow the company's team.
"We are thrilled to have KKR as our partner," said Amiad Soto, co-founder and CEO of Guesty. "They share our vision for revolutionizing the vacation rental industry, and their deep experience in investing in tech companies will be invaluable as we scale our business globally."
Guesty's platform provides end-to-end property management solutions for vacation rental hosts, including reservation management, guest communication, cleaning and maintenance coordination, and more. The company has grown rapidly in recent years, and now manages over 1 million properties in more than 100 countries.
"Guesty is a game-changer for the vacation rental industry," said Jake Heller, Managing Director at KKR. "They have built a best-in-class platform that makes it easier and more efficient for hosts to manage their properties and provide seamless experiences for guests."
Guesty plans to use the new funding to invest in its technology platform, expand its customer support operations, and grow its team. The company is also planning to launch new products and services to help vacation rental hosts grow their businesses.
"We are confident that Guesty will continue to innovate and lead the vacation rental industry," added Heller. "We look forward to supporting their team as they execute their ambitious growth plans."
Comments