Vacatia Inc., a Mill Valley, CA-based provider of innovative consumer travel products and business solutions for timeshare resorts, raised $20m in Series B financing.
Backers included a syndicate of high-net-worth individuals, venture funds, and family offices in the real estate, hospitality and travel technology sectors. In connection with Series B Financing, Dustin M. Gillman, a private equity and real estate executive and investor, former principal at Ranch Capital, and an employee and strategic advisor at Berkadia Commercial Mortgage, will be joining Vacatia’s Board of Directors. In addition, the company has obtained a $60m acquisition and development fund to grow its proven strategy of modernizing independent timeshares with technology and service.
With this financing, Vacatia will continue to develop and adopt new technology solutions for both its B2C and B2B markets as well acquire existing companies where the company can increase profits and enhance customer service.
Along with the Series B Equity Round and Acquisition Fund, Vacatia finalized agreements to acquire Liberté Management Group of Treasure Island, Florida, and serve as the management firm for Gold Point Resort of Breckenridge, Colorado. With these additions, Vacatia now manages 15 resorts with 30,000 owners across seven states.
Founded in 2013 and led by CEO Caroline Shin, Vacatia provides consumer-facing products including resort condominium rentals, subscription-based travel products and timeshare resales. Its B2B solutions, delivered through Vacatia Partner Services, include rental, resale, subscription membership products and property management.