Wheelhouse Spins Out Of Lyric With $16 Million In Funding Led By Highgate Ventures And Nea To Strengthen Leadership Position In Accommodation & Rental Software
Wheelhouse Spins Out Of Lyric With $16 Million In Funding Led By Highgate Ventures And Nea To Strengthen Leadership Position In Accommodation & Rental Software
04/20/22, 12:00 PM
Wheelhouse, the leading revenue management & financial intelligence software for the $500B+ flex-rental space, today announced it has spun out of parent company Lyric, and has raised $16M in funding led by NEA and Highgate Ventures. Additional participation came from investors such as Signalfire, Fifth Wall, Tishman Speyer, 01 Advisors, Certares, RXR, and PAR Capital, plus numerous CEOs & industry leaders from the short-term rental, real estate & prop-tech space.
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Wheelhouse is a remote-first team founded in San Francisco in 2014. From its inception the company has developed premier software & operations teams in the short-term rental space. Currently the company is focused on delivering pricing & financing intelligence software to empower professional operators in the short-term, flex, & mid-length rental categories - the fastest growing segment of accommodations. www.usewheelhouse.com