Kasa Living Closes $70M Series C Funding Round

Kasa Magnificent Mile Chicago apartment.

Kasa Living, Inc., a San Francisco, CA-based tech-powered hospitality brand, closed a $70m Series C funding.

The round was led by Citi Ventures and FirstMark Capital with participation from new investors New York Life Ventures and Fireside Investments and existing investors RET Ventures, Zigg Capital, and Ribbit Capital. Jonathan Langer, a seasoned industry veteran with board experience at KKR Real Estate Finance Trust (NYSE: KREF), Westin Hotels & Resorts, and Hilton Hotels & Resorts (NYSE: HLT) has joined Kasa’s Board of Directors.

The company intends to use the funds to expand operations and its business reach.

Founded in 2016 by CEO Roman Pedan, Kasa Living is a tech-powered, flexible accommodations brand and operator. The company partners with real estate owners (including global stalwarts like Greystar, AMLI Residential, and Starwood Capital and local hospitality investors and developers in cities like San Francisco, New York, Miami and Nashville) to transform investor-owned multifamily apartments, boutique hotels, and single-family homes into professionally managed accommodations.

Kasa operates in Seattle, Chicago, Denver, Austin, San Francisco and Pittsburgh.