Besty AI, a New York-based AI messaging solution for short-term rentals and hotels, has raised $1.5 million in seed funding.
Investors
The round was led by Bungalow Capital and Ridge Ventures, with participation from Ravi Belani, CEO of Alchemist Accelerator.
Bungalow Capital is a venture capital firm based in Los Angeles, California, that invests early in people-first companies with conviction. Founded in 2020, the firm focuses on the software sector.
Founded in 2007, Ridge Ventures is an early-stage venture capital fund that invests in experienced founders redefining how the world interacts with software. Based in Los Angeles, CA, the firm invests in seed and Series A rounds, with a focus on the technology, enterprise, and consumer market sectors.
Besty AI Use of Funds
The company plans to use the funding to accelerate the development and launch of innovative products.
About Besty AI
Besty AI provides an AI-powered guest messaging and revenue optimization tool for short-term rental (STR) managers. It helps property managers and operators automate guest communication and upselling processes, enhancing the overall guest experience while increasing operational efficiency. The startup’s cutting-edge AI messaging and upselling features are now utilized across over 15,000 properties in over 25 countries. Besty AI has already collaborated with over 200 operators globally, including industry leaders like Host & Stay, Wynwood House, and BeachBox Vacation Rentals.
Funding Details
Company: Besty AI
Raised: $1.5M
Round: Seed Round
Funding Date: August 2024
Lead Investors: Bungalow Capital, Ridge Ventures
Additional Investor: Ravi Belani
Company Website: https://www.getbesty.ai/
Software Category: AI Messaging Solution
Source: https://shorttermrentalz.com/news/besty-ai-seed-funding/