Guesty, a Tel Aviv-based property management software platform for the short-term rental (STR) and hospitality industry, has secured $130 million in Series F funding.
Investors
The round was led by the global investment firm KKR, with participation from Inovia Capital, Apax, MSD, and Sixth Street.
KKR is a global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities.
Guesty Use of Funds
The company will use the fresh funding to fuel its expansion across the US and enhance its vacation rental offerings with innovative features. Additionally, Guesty will focus on the European market, particularly in France, Germany, and Spain, while reinforcing its presence in Australia with customized customer developments.
About Guesty
Guesty provides an all-in-one platform for short-term rental businesses to automate and optimize every aspect of their operations. Operating in over 80 countries, Guesty offers a comprehensive and user-friendly platform, catering to both enterprise and SMB property managers as well as individual hosts. With a complete suite of features and over 200 industry partners, including major booking OTAs like Airbnb, Vrbo, Booking.com, TripAdvisor, Expedia, Hopper, Google Travel, Home & Villas by Marriott, and many more, Guesty is transforming the short-term rental industry with innovative solutions. Today, Guesty has 15 offices and over 750 team members across the globe.
Funding Details
Company: Guesty, Inc.
Raised: $130.0M
Round: Series F
Funding Month: April 2024
Lead Investors: KKR
Additional Investors: Inovia Capital, Apax, MSD, Sixth Street
Company Website: https://www.guesty.com/
Software Category: Property Management
Source: Ronny Hassid