Total amount raised
$46 Millions
Latest funding date
Location
Beyond has successfully raised funding through a Series A round, with backing from notable investors such as Bessemer Venture Partners and Plug and Play. The platform is a leading revenue management solution for short-term rental managers and owners, offering tools that have helped partners see significant increases in booking revenue.
Beyond supports over 340,000 properties in more than 7,500 cities worldwide, providing advanced data, dynamic pricing, and AI-driven algorithms to optimize listings, bookings, and profits. Keep reading to explore the intricacies of Beyond's fundraising journey and the investors backing this innovative platform.
What Is Beyond?
Founded in November 2013, Beyond is a dynamic pricing and revenue management platform headquartered in San Francisco, California. The company was established by David Kelso and Ian McHenry and operates within the software, travel, and vacation rental industries.
With a team of 101-250 employees, Beyond offers advanced tools and AI-driven algorithms to optimize short-term rental listings, bookings, and profits. The platform supports over 340,000 properties in more than 7,500 cities worldwide, helping property managers and owners achieve significant revenue growth.
How Much Funding Has Beyond Raised?
- Seed Round
- Amount Raised: $1.5M
- Date: March 2015
- Lead Investors: Resolute Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to grow the company from its early stages.
- Venture Round
- Amount Raised: $2M
- Date: August 2016
- Lead Investors: Bullpen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely used to support further expansion and development.
- Series A
- Amount Raised: $42.5M
- Date: September 2019
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To take more risks, build new products, and expand into the European market.
Total Amount Raised: $46M. Current Valuation: Not publicly disclosed.
Key Investors
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a leading venture capital firm that led the $42.5 million Series A funding round for Beyond. They have a long history of investing in innovative companies across various sectors.
- Investment Focus Areas: Consumer, enterprise, healthcare, frontier technology
- Notable Investments: LinkedIn, Shopify, Pinterest, Twilio
- Bullpen Capital
- Details: Bullpen Capital is a venture capital firm that participated in Beyond's $2 million venture round. They specialize in post-seed funding, helping startups scale to the next level.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- Resolute Ventures
- Details: Resolute Ventures is a venture capital firm that led the $1.5 million seed round for Beyond. They focus on early-stage investments, providing the initial capital to help startups grow.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
What's Next for Beyond?
Beyond is poised to capitalize on significant opportunities, particularly in the European market, which represents over half of the global vacation rental market. The company plans to develop new products and collaborate with professional property managers, potentially creating pricing algorithms for unique hotels. These initiatives could substantially increase their market presence and revenue.
Future fundraising efforts may be on the horizon as Beyond continues to expand and innovate. The recent $42.5 million Series A round indicates strong investor confidence, suggesting that additional funding could be sought to support further growth and product development.
However, Beyond may face challenges such as competition from dominant players like Airbnb and the need to continuously innovate. Managing the complexities of pricing for unique hotels and maintaining access to data across multiple platforms will be crucial for their sustained success.
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