Real Estate Marketing & Beyond
Guesty, a property management software that helps simplify short-term rental management, has announced raising $35M in Series C funding. The round, which more than doubles the startup's previous funding, was led by Viola Growth alongside Vertex Ventures, Journey Ventures, Kingfisher Investment Advisors, La Maison Compagnie d'Investissement and existing investors, TLV Partners and Magma Ventures.
According to the news from Guesty, the total investment of $60 million has helped the company widen its reach on a short-term rental market in desperate need of comprehensive technology solutions for managing urban properties and vacation rentals. Guesty's COO, Vered Schwarz described his company's positioning with this round:
“There's so much untapped opportunity in the short-term rental market--from urban properties to vacation rentals. We're excited to help real estate investors and property owners tap into the growing market, grow their businesses and ultimately earn more revenue.”
For property managers, Guesty is a comprehensive technology solution to aid them in accomplishing numerous tasks on a daily basis. Put simply, Guesty helps knock out what is usually an overwhelming "to-do" list managers of short-term properties are faced with. For those unfamiliar, Guesty helps property managers with things like pre-screening Airbnb guests, helping with airport transfers, scheduling key drops, hiring of housekeeping, aiding in contracting a range of vendors to solve maintenance and other problems, and more.
Guesty will use the investment to open new offices in key growth markets, enhance product capabilities, introduce AI and machine learning into the platform, and increase its footprint in verticals adjacent to urban properties, including the vacation rental space. The company also plans to build out its already robust Integrations Marketplace by continuing to forge partnerships and successful integrations with third-parties that share the same goal of facilitating seamless, short-term rental management and ultimately, positive guest experiences.
Since graduating from Y Combinator in 2014, the Guesty has grown to provide customers worldwide with a holistic, one-stop-shop where they can manage their properties across a variety of online travel platforms. The platform is utilized by property managers and management companies from more than 70 countries today. Earlier this month, Guesty and enterprise property automation leader PointCentral announced the integration of their smart home technologies, giving property managers even more powerful solutions.
About Guesty
Guesty’s property management platform provides property managers and management companies with an end-to-end solution to simplify the complex operational needs of short-term rentals. With Guesty, users can manage listings from multiple online travel agencies including Airbnb, Booking.com, Agoda and TripAdvisor, and utilize the company’s guest-centric tools including: Unified Inbox, Automation Tools, 24/7 Guest Communication Services, Payment Processing and more. For more information, visit www.guesty.com.
About Viola Growth
Founded in 2008, Viola Growth invests in Israeli-related global technology companies at their expansion stage. With the largest team of 7 partners in Israel, as well as a US presence, all with vast operational and financial experience, Viola Growth have raised over $430M AUM and invested in 23 companies. Viola Growth is a member of Viola, Israel's largest technology-focused investment group with over $3B under management. For more information visit: www.viola-group.com.
