Beyond Pricing, a San Francisco, CA-based developer of pricing software that allows hosts and owners to maximize revenue of vacation rental properties, raised $1.5m in seed funding.
The round was led by Resolute Ventures with participation from Social Leverage, Structure Capital, QueensBridge Venture Partners and various angel investors.
The company intends to use the funds to continue to expand operations.
Led by David Kelso and Ian McHenry, Beyond Pricing leverages data from dozens of sources, including vacation rental sites, hotels, weather, airline arrivals, and their proprietary algorithm, to predict demand and optimize prices of Airbnb and vacation rental properties for individual hosts and property managers. Since the launch of its beta last year, the company has grown from San Francisco, to the top 20 global markets.
Prices are automatically updated on sites like Airbnb, with more integrations like HomeAway and Booking.com to follow.