Beyond Pricing, a San Francisco, CA-based dynamic pricing solution for short term rentals, raises $42.5m in Series A funding.
The round was led by Bessemer Venture Partners.
The company intends to use the funds to expand its presence in Europe, starting with their office in Portugal, and develop more tools for independent property owners, managers and developers.
Co-founded in 2014 by Ian McHenry, CEO, and David Kelso, CTO, Beyond Pricing provides a dynamic pricing solution for the short term rental industry. Its automated software gives independent property owners, managers and developers the tools to price their properties, regardless of the platform they list on.
The system dynamically prices 150,000+ listings in more than 7,000 cities worldwide, and has priced more than $2 billion in bookings.
The company has 50 employees in two offices in San Francisco, CA and Lisbon, Portugal.