Guesty Raises $130M at $900M Valuation to Assist Property Managers in Listing on Airbnb and Beyond

Travel and tourism are making a strong comeback for both consumers and businesses. Guesty, a platform that helps accommodation managers manage their business online, including on platforms like Airbnb and Vrbo, recently closed a major funding round of $130 million. Sources have confirmed that Guesty's Series F values the company at around $900 million post-money.

Based in New York with roots in Israel, Guesty has seen its revenue increase 5x in the last three years and is on track to become profitable this year. KKR is leading the funding round, with other investors such as Apax Funds, Inovia, BDT & MSD Partners, and Sixth Street also participating.

The global travel and tourism sector is expected to generate record-high sales of $11.1 trillion in 2024, despite tourism in the U.S. and China still recovering from the pandemic. This funding round is part of a trend where companies like Guesty and its competitors are receiving significant investments to capitalize on the recovering market.

Guesty's CEO, Amiad Soto, mentioned that the company plans to use the funding to expand its platform, particularly in the medium-term rental space, and consider potential acquisitions. The company already serves 'hundreds of thousands' of properties and offers various tools for property managers to optimize their listings and booking processes.

KKR, Inovia Capital, and other investors joining Guesty's board believe that the company is well-positioned to meet the growing demand in the property management sector. The investment will support Guesty as it continues to innovate and support its customers in the evolving short-term rental market.