Hostaway, a Helsinki, Finland-based provider of a vacation rental software and management system, raised $365M in strategic growth investment.
The deal was led by General Atlantic with participation from existing investor PSG Equity.
The company intends to use the funds to further accelerate its growth strategy, including international expansion, product development, and AI initiatives.
Founded in 2015 by Marcus Räder, Saber Kordestanchi, and Mikko Nurminen, Hostaway enables short-term rental owners and managers to automate and improve property management. The company helps property managers scale and grow their businesses through one platform with hundreds of API connections and integrations.
Hostaway has recently launched a range of tools and add-ons to further address customer needs, including Dynamic Pricing by Hostaway, an automated solution to help customers maximize revenue; Hostaway Capital, to provide flexible loans specially catered to the property management sector; Hostaway Insurance, to provide coverage for property damage during a rental period; and Smart Lock integration to further streamline the property management and guest experience. The company has also integrated AI in its automation tools to support property owners and managers across guest messaging, content creation, and language translation.
Today, its integrated marketplace boasts over 200 marketplace partners, curating premier vacation rental software and tools within the industry for customers with properties in over 90 countries. The company’s fully remote workforce includes over 230 employees across 44 countries.
FinSMEs
18/12/2024