Guesty raises $170 million
Guesty, a startup offering a property management platform for the short-term rental and hospitality industry, has raised $170 million in funding led by the Apax Digital Funds, MSD Partnersm, and Sixth Street Growth, with participation from Viola Growth, and Flashpoint also participated in the round.
Founded in 2013, Guesty 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.
Earlier this year, the California-based startup launched Damage Protection, which covers rental properties’ contents from guest damages. Coverage amounts range between $3,000 and $20,000.
“Despite an exceptionally challenging fundraising climate, the funding Guesty has raised is a vote of confidence in the travel and short-term rental ecosystem, and an endorsement of our pioneering technology and position as the market leaders of the hospitality and property management software sector. As alternative accommodations surge in popularity, Guesty has come out a clear winner thanks to our commitment to prioritizing innovation and ability to help our customers become more successful. We thank our existing partners Apax – who are increasing their commitment to Guesty – and are excited to welcome aboard MSD Partners and Sixth Street, whose strong track records in our ecosystem make them ideal long-term partners. As we continue to expand globally and grow our market leadership, we look forward to providing hospitality managers with even more value in the coming months and years.” – Guesty’s co-founder & CEO, Amiad Soto.
“As alternative property management operations become more complex, Guesty is paving the way for the next generation of digital hospitality services. Their track record of success and innovation, along with their platform’s growing suite of tools and intuitive user experience has Guesty positioned to define and consolidate its category, working with hosting businesses of all sizes. We are excited to continue partnering with the company as it continues to transform the industry.” – Dave Evans, partner at Apax Digital.
