Technology

Sharing economy property management platform Guesty raises $20m

Posted by Phil Davies on
Sharing economy property management platform Guesty raises $20m

End-to-end holiday property rental management platform Guesty has raised $19.75 million in Series B funding.

The round was led by TLV Partners who joined existing investors Magma VC and Buran VC.

Israel-based Guesty recently added integrations with Booking.com and Agoda to a growing list of partners, which includes channels like Airbnb as well as various technology players in the short-term rental scene.

Co-founded in 2013 by twin brothers Amiad and Koby Soto, Guesty provides the means to manage all aspects of a short-term rental business across multiple channels.

Amiad Soto said: “We are humbled by the confidence our investors have shown in Guesty.

“We plan to uphold our prominent position within the vacation rental industry by equipping professional property managers with ever advancing technologies and automation.”

The company is to continue to grow its teams, recruiting highly talented professionals across all departments.

TLV Partners’, Shahar Tzafrir, said: “I was fortunate to lead Guesty’s seed investment on behalf of Magma, and now I’m glad to have had the opportunity to lead their current financing round on behalf of TLV Partners.

“I’ve witnessed up close Guesty’s exceptional execution and rapid growth.

“We see massive potential in this market and believe Guesty is the one to actualise it.”

Comments

This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travolution.
By posting your comments you agree to accept our Terms & Conditions.