Andes STR raised $4M in a funding round led by Executive Venture Fund to expand its operations in Latin America and the EU.

Aug 16, 2024•about 1 year ago

Amount Raised

$4 Million

AustinReal Estate

Investors

Taram CapitalEvolution VcExecutive Venture Fund

Description

Chilean-American proptech Andes STR has secured $4 million to enhance its technology infrastructure and expand into new markets in Latin America and the EU. The company focuses on optimizing short-term rental property management to attract institutional investors in the booming Airbnb market.

Company Information

Company

Andes STR

Location

Austin, Texas, United States

About

Andes STR is a Chilean-American proptech company that optimizes the management of short-term rental properties using AI-driven technology. Founded in 2019, it has rapidly grown its portfolio to over 320 properties across the US and Chile. The company focuses on attracting institutional investors in the booming Airbnb market and aims to expand its operations into new territories in Latin America and the EU. Andes STR is dedicated to enhancing its technology infrastructure to support its growth strategy.

Related People

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers