Guesty raises $130 million
Guesty, a property management software platform for the short-term rental and hospitality industry, announced a $130 million Series F funding round led by KKR, with participation from Inovia Capital, Apax, BDT & MSD Partners and Sixth Street.
Operating in over 80 countries, Guesty’s platform provides both enterprise and SMB property managers as well as individual hosts with the necessary tools to manage the entire rental journey. The platform offers a variety of solutions which centralize reservations, guest communication, operational tasks, cleaning management and more across all the major booking OTA channels, including Airbnb, Vrbo, Booking.com, Tripadvisor, Expedia, Agoda, direct booking websites and more.
In 2022, Guesty launched Damage Protection, which covers rental properties’ contents from guest damages in the US and Mexico. Coverage amounts range between $3,000 and $20,000.
Guesty’s new funding will be used for expansion across the US, enhancing vacation rental offerings with innovative features.
“Guesty is a best-in-class operator and one of the clear leaders in the property management sector. There has been a significant shift towards the short- term rental market and this investment will support the company as it continues to meet that growing customer need.” – Stephen Shanley, Partner and Head of Europe Tech Growth at KKR.
“Guesty’s product is unique in its ability to offer the tools customers require throughout the management process, giving them an incredible platform to continue to expand. We’re pleased to have invested in the business to support this next phase of growth, as they look to the significant opportunity to grow the business internationally.” – Lauriane Requena, Principal with KKR Tech.
“Guesty has enjoyed astonishing five-fold growth during the last three years. We’re delighted that this has been recognized by top-tier investors KKR and Inovia, and we’re excited to have them onboard alongside our other investors as we enter our next growth period. The surge in those seeking short-term rentals continues and our platform remains at the vanguard of the industry. As we embark on creating the industry’s first intelligent property management platform, we’ll continue to develop its functionality and AI capabilities to deliver first-to-market features and best-in-class support for our customers.” – Amiad Soto, Guesty’s CEO & Co-Founder.
