Guesty raises $50m in Series D funding and buys Your Porter
Summary
It brings the company’s total funding to date to $110 million, cementing its position as the highest-funded property management software fuelling the alternative accommodation ecosystem, a competitive market in which small and large hospitality brands are increasingly relying on robust tech solutions to professionalise their operations in order to grow and scale. Amiad Soto, co-founder and CEO of Guesty, said: “We are entering an exciting chapter in our company’s life cycle with short-term rentals having gone mainstream as a direct result of the pandemic, now catering to an increased user base that expects the comfort and privacy of a home coupled with hotel-like amenities. News of the round follows Guesty’s announcement earlier this month that it had acquired fellow property management software and Y Combinator alum, MyVR, to expand the company’s existing footprint in North America and bring more standardisation to the space. Guesty will use the investment and growing team to power a year of hyper-growth in key markets, enhance its product capabilities to serve diverse customer segments, onboard top-notch talent and ultimately, be a pillar of support for the entrepreneurs who have built businesses off the democratisation of hospitality. The company will also continue to build out its marketplace of third-party integration partners – from digital concierges to remote staff management systems to keyless entry solutions – in order to aid customers in providing “contact-free” guest experiences, all from within the Guesty dashboard.
