Total amount raised
$410.6 Millions
Latest funding date
4/1/2024
Location
Guesty has successfully raised significant funding through multiple rounds, with notable investors such as Apax Partners and Kohlberg Kravis Roberts. The platform offers comprehensive property management solutions tailored for short-term rentals, including advanced tools like Channel Manager and Unified Inbox.
Keep reading to delve into the details of Guesty's funding journey and discover the key investors supporting this innovative property management software.
What Is Guesty?
Guesty, founded in December 2013 by Amiad Soto and Koby Soto, is headquartered in Covina, California. The company specializes in providing comprehensive property management software for short-term rentals, including features like Channel Manager, Unified Inbox, and Automation Tools.
With a workforce of 501-1000 employees, Guesty aims to optimize and streamline every aspect of managing a hospitality business from a single platform. Their solutions cater to various property types, including vacation rentals, serviced apartments, and urban rentals.
Guesty's innovative platform is designed to enhance operational efficiency and maximize revenue for property managers and owners. The company continues to lead the hospitality industry with its advanced technology and global reach.
How Much Funding Has Guesty Raised?
- Seed Round
- Amount Raised: $1.6M
- Date: June 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the platform and enter the market.
- Series A
- Amount Raised: $3M
- Date: May 2017
- Lead Investors: Flashpoint, Magma Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series B
- Amount Raised: $19.8M
- Date: April 2018
- Lead Investors: TLV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve technology infrastructure.
- Series C
- Amount Raised: $35M
- Date: March 2019
- Lead Investors: Viola Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enter new markets.
- Series D
- Amount Raised: $50M
- Date: April 2021
- Lead Investors: Apax Digital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and support global expansion.
- Series E
- Amount Raised: $170M
- Date: August 2022
- Lead Investors: Apax Digital, MSD Partners, Sixth Street
- Valuation at Round: $690M
- Motivation Behind the Round: To support growth and enable strategic acquisitions.
- Series F
- Amount Raised: $130M
- Date: April 2024
- Lead Investors: Kohlberg Kravis Roberts
- Valuation at Round: $900M
- Motivation Behind the Round: To continue global expansion and broaden enterprise-level offerings.
Total Amount Raised: $409.7M. Current Valuation: $900M.
Key Investors
- Apax Partners
- Details: Apax Partners is a global private equity firm with a history of investing in growth companies. They have a strong presence in both Europe and North America.
- Investment Focus Areas: Technology, telecommunications, retail, healthcare, financial services.
- Notable Investments: ThoughtWorks, Inmarsat, Exact.
- Kohlberg Kravis Roberts (KKR)
- Details: KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, and credit. They have invested over $21.6 billion in technology-focused growth companies since 2014.
- Investment Focus Areas: Private equity, energy, infrastructure, real estate, credit.
- Notable Investments: ByteDance, Epicor Software, GoDaddy.
- Inovia Capital
- Details: Inovia Capital is a venture capital firm that partners with founders to build impactful and enduring global companies. They manage over $2.2 billion and have operations in Montreal, Toronto, Calgary, Bay Area, and London.
- Investment Focus Areas: Technology companies, multi-stage support, mentorship.
- Notable Investments: Lightspeed, AppDirect, Clearco.
- BDT & MSD Partners
- Details: BDT & MSD Partners is a partnership between BDT Capital Partners and MSD Partners, focusing on long-term investments in family and founder-led businesses. They provide strategic advice and capital solutions.
- Investment Focus Areas: Family and founder-led businesses, long-term investments.
- Notable Investments: Whataburger, Tory Burch, Weber.
- Sixth Street
- Details: Sixth Street is a global investment firm with a focus on providing flexible, long-term capital solutions. They manage over $50 billion in assets.
- Investment Focus Areas: Technology, real estate, flexible capital solutions.
- Notable Investments: Airbnb, Spotify, Legends Hospitality.
What's Next for Guesty?
Guesty is poised for significant growth, leveraging its recent $130 million funding to expand globally and enhance its platform. The short-term rental industry, valued at $277 billion, offers vast opportunities, particularly in the US, Europe, and Australia. Guesty aims to broaden its enterprise-level offerings and develop innovative features to meet the growing demand for short-term rentals.
Future fundraising rounds are likely as Guesty continues to scale and attract investor interest. However, the company faces challenges such as managing rapid expansion, integrating acquisitions, and navigating regulatory environments. Staying ahead of technological advancements will be crucial for maintaining a competitive edge.
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