In an exciting stride towards the future of property management, we at Guesty are thrilled to share that we have successfully raised $130M in our most recent funding round, led by the leading global investment firm KKR, with participation from Inovia Capital. This achievement marks a significant milestone in our mission to redefine the world of property management, reflecting the profound confidence our investors, customers, and the broader industry place in our vision and leadership.
Our journey to this point has been shaped by invaluable feedback and collaboration from our community, enabling us to develop a suite of tools that empowers every type of host, property manager, and hospitality operator to manage and grow their businesses with unprecedented efficiency. This support has been crucial as we continue to expand our offerings, to meet the diverse needs of the property management industry.
The short-term rental industry is currently valued at $277 billion, with a significant shift in customer preferences driving demand for STRs over hotels every quarter since 2022. This trend highlights the growing complexity and opportunity within the property management space, which Guesty is uniquely positioned to address with our end-to-end management solutions.
With this new chapter, we are set to further our global expansion through both acquisitions and organic growth, broadening our enterprise-level offering to accommodate medium-term rentals, corporate housing, and fully-serviced stays. Operating in over 80 countries, Guesty’s platform is the most comprehensive and easy-to-use on the market, providing property managers and hosts with the tools necessary to manage the entire rental journey.
We are committed to strategic growth in key regions and are doubling down on our successes in local communities, especially in the US VR market but also in European traditional vacation destinations. This funding will enhance our vacation rental offerings across the US with innovative features, with Jonah Mandel joining as VP of Sales to lead this expansion. Following our strengthening in the US, we will extend our efforts to the European market, focusing on France, Germany, and Spain, and continue to reinforce our presence in Australia with customer-tailored developments.
We are immensely grateful to our new strategic investors, KKR and Inovia Capital, for sharing our vision and to our existing investors, Apax Funds, BDT & MSD Partners, and Sixth Street, for their continued faith in our journey. Their partnership is invaluable as we forge ahead, shaping the future of the hospitality ecosystem together.
The future of Guesty is not just about growth; it’s about leadership, innovation, and the unwavering commitment to transforming the way property management is perceived and executed worldwide. As we embrace this next phase of our journey, we remain dedicated to uniting the industry, minimizing fragmentation, and delivering unparalleled value to our customers.
I am deeply grateful to the Guesty team for their dedication and hard work that have propelled us to where we are today. On behalf of all of us, I extend our deepest gratitude to everyone who has played a part in reaching this milestone. Your support, feedback, and collaboration have been instrumental in our success. Together, we look forward to continuing our mission, fueled by this new funding, to innovate, lead, and redefine the property management industry for the better.
Here’s to the future—a future made brighter by our shared vision and collective efforts. Thank you for being an integral part of this journey. The best is yet to come.
Amiad
CEO and Co-founder