TLDR:
Guesty, a property management software platform, has raised $130 million in Series F funding. The funding round was led by KKR, with participation from other investors. Guesty plans to use the funding for global expansion and to enhance their platform. The company also aims to go public in the future.
Summary:
Guesty, a property management software platform, has secured $130 million in Series F funding in a round led by KKR, with participation from existing investors like Apax, BDT & MSD Partners, and Sixth Street, as well as Inovia Capital. The funding will be used by Guesty to continue developing their platform for property managers and drive market consolidation to grow their global footprint.
The short-term rental industry is experiencing significant growth, with property managers increasingly utilizing end-to-end property management systems to meet consumer demands. Guesty’s platform, operating in over 80 countries, provides property managers with tools to manage their rental properties effectively.
Guesty plans to expand across the United States, Europe, and Australia, focusing on enhancing vacation rental offerings and customer-tailored developments. The company has shown impressive growth in recent years and aims to go public in the future, with a target set for an IPO when market conditions are right.
