Guesty Raises $170 Million To Power The Next Generation Of The Hospitality And Property Management Industry
Guesty Raises $170 Million To Power The Next Generation Of The Hospitality And Property Management Industry
08/16/22, 11:01 AM
Location
covinaMoney raised
$170 million
Industry
information technology
Guesty, the leading property management platform for the short-term rental and hospitality industry, today announced it has raised a $170 million funding round, led by the Apax Digital Funds, MSD Partners and Sixth Street Growth. Existing investors Viola Growth and Flashpoint also participated in the round. The Series E capital will be used to scale the company's global operations to meet increasing demand, pioneer new solutions that support the growing needs of hospitality operators, secure key acquisitions, and expand into new business verticals to solidify Guesty's position as the industry's gold-standard property management platform."Despite an exceptionally challenging fundraising climate, the funding Guesty has raised is a vote of confidence in the travel and short-term rental ecosystem, and an endorsement of our pioneering technology and position as the market leaders of the hospitality and property management software sector,'' said Guesty's Co-founder & CEO, Amiad Soto. "As alternative accommodations surge in popularity, Guesty has come out a clear winner thanks to our commitment to prioritizing innovation and ability to help our customers become more successful
Company Info
Location
covina, california, united states
Additional Info
Managing a hospitality business is complex. Guesty is your partner in making it easier. With an all-in-one platform, Guesty’s purpose-built technology optimizes and automates every aspect of your hospitality operations so you can save time, maximize revenue, and stay ahead of the curve. Our industry-wide expertise, large-scale R&D department of 200+ engineers, and technology-first approach ensures that hospitality businesses can streamline operations and achieve growth, all while delivering the best value to their guests. With a complete suite of features and more than 150+ industry partners, Guesty is transforming the hospitality industry with innovative solutions that help you succeed.