Total amount raised
$46 Million
Latest funding date
09/01/2019
Location
Beyond has raised funding over three rounds, with the latest being a Series A round, and is backed by 11 investors, including Bessemer Venture Partners and Plug and Play. The platform offers advanced data analytics, dynamic pricing, and AI-driven solutions to help short-term rental businesses grow their profits, listings, and bookings.
Beyond has also acquired two organizations, with Blizzard Internet Marketing being the most recent. Keep reading to explore the intricacies of Beyond's fundraising journey and the investors backing this innovative platform.
What Is Beyond?
Beyond, founded in 2013, is a dynamic pricing and revenue management platform for the short-term rental and vacation rental software industry. Based in San Francisco, California, the company operates within the software, travel, and vacation rental sectors.
With a team of 101-250 employees, Beyond leverages advanced data analytics and AI-driven solutions to help property managers optimize their revenue. The platform has raised multiple funding rounds and made strategic acquisitions, including Blizzard Internet Marketing and Smart Host.
How Much Funding Has Beyond Raised?
- Seed Round
- Amount Raised: USD 1,500,000
- Date: March 2015
- Lead Investors: Resolute Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to grow the company from its early stages.
- Series Unknown
- Amount Raised: USD 2,000,000
- Date: August 2016
- Lead Investors: Bullpen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Support further expansion and development.
- Series A
- Amount Raised: USD 42,500,000
- Date: September 2019
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Partner with a capital firm to support risk-taking, product expansion, and European market growth.
Total Amount Raised: USD 46,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a leading venture capital firm that led the $42.5 million Series A funding round for Beyond. They have a long history of investing in early to growth-stage companies.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: LinkedIn, Shopify, Pinterest
- Bullpen Capital
- Details: Bullpen Capital is a venture capital firm that participated in Beyond's Series Unknown funding round. They specialize in post-seed funding for startups.
- Investment Focus Areas: Technology, consumer products, enterprise software
- Notable Investments: FanDuel, Ipsy, Namely
- Resolute Ventures
- Details: Resolute Ventures is a venture capital firm that led Beyond's Seed funding round. They focus on early-stage investments in various sectors.
- Investment Focus Areas: Technology, consumer products, enterprise software
- Notable Investments: BarkBox, Opendoor, Clutter
What's Next for Beyond?
Beyond is poised to capitalize on significant opportunities, particularly in the European market, which represents over half of the vacation rental sector. The company plans to develop new products and collaborate with professional property managers, potentially applying its pricing algorithms to modern hotels. This expansion could substantially increase its market presence and revenue.
Future fundraising opportunities are likely as Beyond continues to grow and innovate. The recent $42.5 million Series A round indicates strong investor confidence, suggesting that additional funding rounds could be on the horizon to support further expansion and product development.
However, challenges remain. The dominance of platforms like Airbnb could limit Beyond's access to crucial data, and the company must continuously innovate to stay competitive. Despite these hurdles, Beyond's focus on advanced pricing technology positions it well for future success.
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