Guesty Raises $130M to Accelerate Global Expansion
NEW YORK, April 10, 2024 /PRNewswire/ -- Guesty, the leading property management software platform for the short-term rental ("STR") and hospitality industry, today announced a $130M Series F funding round led by leading global investment firm KKR. Inovia Capital, together with existing investors Apax, BDT & MSD Partners and Sixth Street, also joined the round, extending their support following Guesty's significant expansion and sustained growth. This new round of funding will support continued development of Guesty's best-in-class enterprise-level platform for property managers and drive market consolidation to grow the company's global footprint. Stephen Shanley, Partner at KKR and Head of Tech Growth in Europe; Lauriane Requena, Principal at KKR Tech Growth, and Dennis Kavelman, Inovia Capital Partner, join Guesty's Board of Directors following this investment.
- Inovia Capital, together with existing investors Apax, BDT & MSD Partners and Sixth Street, also joined the round, extending their support following Guesty's significant expansion and sustained growth.
- This new round of funding will support continued development of Guesty's best-in-class enterprise-level platform for property managers and drive market consolidation to grow the company's global footprint.
- Operating in over 80 countries, Guesty is the most comprehensive and easy-to-use platform on the market today.
- Guesty's new funding will be used for expansion across the US, enhancing vacation rental offerings with innovative features.