Vacasa, a Portland, Oregon-based vacation rental management platform provider, raised $108m in strategic funding.
The round was led by existing investor Silver Lake with participation from other existing investors including Riverwood Capital and Level Equity.
The company intends to use the funds to expand operations and its business reach.
Founded in 2009 and led by Matt Roberts, CEO, Vacasa provides homeowners with a vacation rental management platform that adjusts rates in real time to ensure revenue is maximized.
Vacasa currently manages 26,000+ homes, with 24/7 customer care delivered via phone. The app is available to download on the Apple Store and Google Play.