Guesty, a Los Angeles, CA-based property management platform that simplifies short-term rental management, raised $35M in Series C funding.
The round, which brought total funding to $60M, was led by Viola Growth with participation from Vertex Ventures, Journey Ventures, Kingfisher Investment Advisors, La Maison Compagnie d’Investissement and existing investors, TLV Partners and Magma Ventures.
The company intends to use the funds to open new offices in key growth markets, enhance product capabilities, introduce AI and machine learning into the platform, increase its presence in verticals adjacent to urban properties, including the vacation rental space, and build out its Integrations Marketplace by continuing to sign partnerships and integrations with third-parties that facilitate short-term rental management and improve guest experiences.
Led by Amiad Soto, Co-Founder & CEO, Guesty provides a property management platform giving property managers and management companies an end-to-end solution to simplify short-term rentals. Users can manage listings from multiple online travel agencies including Airbnb, Booking.com, Agoda and TripAdvisor, and utilize guest-centric tools including: Unified Inbox, Automation Tools, 24/7 Guest Communication Services, Payment Processing and more.
Graduated from Y Combinator in 2014, the company is utilized by both property managers and property management companies in 70+ countries.