Total amount raised
$410.6 Million
Latest funding date
4/1/2024
Location
Guesty has successfully raised multiple funding rounds, with the latest being a Series F. The platform offers advanced technology to optimize, automate, and streamline hospitality business management.
Guesty is backed by prominent investors, including Apax Partners and Kohlberg Kravis Roberts (KKR). Keep reading to explore the intricacies of Guesty's fundraising journey and the investors supporting this innovative platform.
What Is Guesty?
Guesty is a prominent player in the property management software industry, specializing in solutions for vacation rentals and short-term rentals. The company leverages advanced technology to optimize, automate, and streamline hospitality business management.
Based in Covina, California, Guesty employs between 501 and 1000 people. The platform serves a global clientele, offering a comprehensive suite of tools to manage guest communications, reservations, distribution channels, and financial operations.
How Much Funding Has Guesty Raised?
- Seed Round
- Amount Raised: USD 1,600,000
- Date: June 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their property management platform.
- Series A
- Amount Raised: USD 3,000,000
- Date: May 2017
- Lead Investors: Flashpoint, Magma Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market presence and enhance platform features.
- Series B
- Amount Raised: USD 19,750,000
- Date: April 2018
- Lead Investors: TLV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series C
- Amount Raised: USD 35,000,000
- Date: March 2019
- Lead Investors: Viola Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their technology and expand globally.
- Series D
- Amount Raised: USD 50,000,000
- Date: April 2021
- Lead Investors: Apax Digital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and support acquisitions.
- Series E
- Amount Raised: USD 170,000,000
- Date: August 2022
- Lead Investors: Apax Digital, MSD Partners, Sixth Street
- Valuation at Round: USD 690,000,000
- Motivation Behind the Round: To support growth and expansion efforts.
- Series F
- Amount Raised: USD 130,000,000
- Date: April 2024
- Lead Investors: Kohlberg Kravis Roberts
- Valuation at Round: USD 900,000,000
- Motivation Behind the Round: To support global expansion, enhance platform functionality, and invest in AI capabilities.
Total Amount Raised: USD 409,350,000. Current Valuation: USD 900,000,000.
Key Investors
- Kohlberg Kravis Roberts (KKR)
- Details: KKR is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, and credit. The firm has a proven track record of supporting technology-focused growth companies.
- Investment Focus Areas: Private equity, energy, infrastructure, real estate, credit
- Notable Investments: ByteDance (TikTok), Epic Games, Lyft
- Apax Digital
- Details: Apax Digital is a private equity firm that invests in companies across various sectors, focusing on long-term growth. The firm has a strong presence in the technology and telecommunications sectors.
- Investment Focus Areas: Technology, telecommunications, retail, healthcare, financial services
- Notable Investments: ThoughtWorks, Duck Creek Technologies, Paycor
- MSD Partners
- Details: MSD Partners is an investment firm that provides capital and advisory services to family and founder-led businesses. The firm focuses on long-term investments and strategic support.
- Investment Focus Areas: Family and founder-led businesses, long-term capital, strategic support
- Notable Investments: Whataburger, Tory Burch, Krispy Kreme
- Sixth Street
- Details: Sixth Street is a global investment firm with over $60 billion in assets under management. The firm offers a range of investment strategies, including private equity, credit, and real estate.
- Investment Focus Areas: Private equity, credit, real estate
- Notable Investments: Airbnb, Spotify, Legends Hospitality
- Viola Growth
- Details: Viola Growth is a venture capital firm that invests in technology companies with high growth potential. The firm provides multi-stage support and mentorship to its portfolio companies.
- Investment Focus Areas: Technology, high growth potential, multi-stage support
- Notable Investments: Not publicly disclosed
What's Next for Guesty?
Guesty is poised for significant growth, driven by the booming short-term rental (STR) industry, which is valued at $277 billion. The company plans to expand its presence in key markets such as the US, Europe, and Australia, leveraging its recent $130 million Series F funding. This expansion will be supported by both organic growth and strategic acquisitions, enhancing its platform with AI capabilities to meet the increasing demand for end-to-end property management systems.
Future fundraising opportunities appear promising as Guesty continues to attract top-tier investors. The company’s strong growth trajectory and market potential make it likely to secure additional funding rounds to support its global expansion and technological advancements. However, Guesty may face challenges such as competition from other property management software platforms and adapting to varying regulations in different markets.
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