Evolve Raises $100 Million To Continue Building On-Ramp For The Next Generation Of Vacation Rental Guests And Owners

Evolve announced today a $100 million capital raise led by new investor Durable Capital Partners LP ("Durable"). Evolve, the fastest-growing vacation rental hospitality company in North America, manages over 19,000 homes and has generated more than $2 billion in rental income for its owners. Coming off of the most successful year in company history, Evolve will use the funding to accelerate property growth and to continue reimagining the vacation rental experience, building on innovations like their Rest Easy Promise for guests and Risk-Free Guarantee for owners. This latest round brings Evolve's total funding to $235 million.