Property management startup Guesty raises $50M –

▤ Summary

Guesty, which has created property management software for hosts on short-term rental platforms like Airbnb and Vrbo, is announcing that it has raised $50 million in Series D funding. In short-term rentals, there’s no public player — you can bet your money that we are eyeing that target.” In the past year, Guesty expanded to support other types of property, including multi-unit listings and “aparthotels.” And just as Airbnb executives are predicting a travel rebound this year, Soto said things are looking pretty good for Guesty’s business; in fact, he predicted that this is going to be “a hell of a year.” For example, summer reservation volume in the United States is 282% higher than in summer 2020, and even 32% higher than summer 2019. “We are incredibly excited to partner with the team at Guesty to help accelerate their mission to bring sophisticated property management solutions to a rapidly shifting global ecosystem,” O’Keefe said in a statement. For one thing, he said the company already uses machine learning to classify and route 80% of guest messages, and he sees opportunities to expand the use of artificial intelligence in the platform. Soto said that with Your Porter’s technology, Guesty will be able to serve hosts from family-run businesses with a few units to enterprise-scale property management companies.

$ Funding

▦ Linked Companies

Guesty

$10M to $25M

Your Porter App

$1M to $5M