Guesty raises $130m to accelerate global expansion

Property management platform secures series F investment

Property management platform Guesty has raised US$130 million in series F finding as it bids to accelerate its global expansion.

The US and Israel-based firm offers property management solutions for the short-term rental and hospitality industries in more than 80 countries.

A new funding round led by KKR, has been secured with investment from Inovia Capital and additional support from existing investors Apax Funds, BDT & MSD Partners and Sixth Street.

Stephen Shanley, partner at KKR; Lauriane Requena, principal at KKR Tech Growth, and Dennis Kavelman, partner at Inovia Capital, join Guesty’s board of directors.

It follows a series E funding round in 2022 that brought in US$170 million.

Guesty said the additional investment will be used to drive continued global expansion through acquisitions and organic growth, including broadening its offering to accommodate medium-term rentals, corporate housing, and fully-serviced stays.

This will include expansion across the US, investment in the European market with a focus on France, Germany, and Spain, and ‘reinforcing its presence’ in Australia.

It aims to drive market consolidation in the short-term rentals industry, which is valued at US$277 billion and has out-grown the hotel industry in every quarter since 2022.

Guesty chief executive and co-founder Amiad Soto said: “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.”

KKR’s Shanley added: “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.

“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.”

Inovia’s Kavelman added: “We have been thoroughly impressed with Guesty's track record in consolidating the STR segment.

“We are excited to further invest in this category as its importance in the travel sector continues to grow, and we are confident in Guesty's position as one of the clear software leaders in this area.''

Guesty’s platform provides property managers and hosts with the tools to manage rentals, including advertising, management and delivering guest experiences through its open API capabilities.