Evolve Vacation Rental Network, a Denver, CO-based vacation rental management company, raised $11m in funding.
The round was led by funds and accounts advised by T. Rowe Price Associates, with participation from Annox Capital, Allen & Company LLC, and PAR Capital Ventures.
The company, which has raised $23m in total funding, plans to use the funds for expansion and continued development of its tech-enabled services platform.
Founded in 2011 by Brian Egan and Adam Sherry, Evolve provides a rental management platform focusing on marketing and booking vacation properties, and giving owners the option to configure on-the-ground services. It currently services more than 4,000 properties in over 500 markets across North America and has secured over $150m in gross bookings for its owners.