Guesty, a leading property management software platform for the short-term rental (STR) and hospitality industry, announced a $130 million Series F funding round led by KKR. Inovia Capital and existing investors Apax Funds, BDT & MSD Partners, and Sixth Street joined the round, extending their support following Guesty’s significant expansion and sustained growth.
This new funding round will support the continued development of Guesty’s enterprise-level platform for property managers and drive market consolidation to expand the company’s footprint. KKR Partner and Head of Tech Growth In Europe Stephen Shanley, KKR Tech Growth Principal Lauriane Requena, and Inovia Capital Partner Dennis Kavelman will join Guesty’s Board of Directors in connection with this investment.
The STR industry is rapidly growing, and there has been a significant shift in how customers choose to live, work, socialize, and travel, which has led to demand for STRs outpacing hotels every quarter since 2022. To meet these consumer demands and the growth and complexity in the number of properties offered as short-term rentals, property managers increasingly utilize end-to-end property management systems, like Guesty.
Operating in 80+ countries, Guesty is the most comprehensive platform on the market. Guesty’s platform offers enterprise and SMB property managers and individual hosts the necessary tools for managing the whole rental journey. And the company’s software platform helps property managers advertise and manage their vacation or short-term rental properties, providing unparalleled guest experiences through a highly intuitive user experience and open API capabilities.
Guesty’s new funding round will be used to expand vacation rental offerings with features. Jonah Mandel joined as VP of Sales to lead the expansion. And Guesty will invest in tailoring to the European market, focusing on France, Germany, and Spain, while reinforcing its presence in Australia.
KKR is investing in Guesty primarily through its Next Generation Technology Growth Fund III, a fund dedicated to growth equity investment opportunities in technology. The firm executed several transactions in its tech growth strategy, including DarkTrace, KnowBe4, o9 Solutions, Onestream, OutSystems, NetSPI and Restaurant365.
KEY QUOTES:
“Guesty is a best-in-class operator and one of the clear leaders in the property management sector. There has been a significant shift towards the short- term rental market and this investment will support the company as it continues to meet that growing customer need.”
– Stephen Shanley, Partner and Head of Europe Tech Growth at KKR
“Guesty’s product is unique in its ability to offer the tools customers require throughout the management process, giving them an incredible platform to continue to expand. We’re pleased to have invested in the business to support this next phase of growth, as they look to the significant opportunity to grow the business internationally.”
– Lauriane Requena, Principal with KKR Tech Growth
“We have been thoroughly impressed with Guesty’s track record in consolidating the STR segment. We are excited to further invest in this category as its importance in the travel sector continues to grow, and we are confident in Guesty’s position as one of the clear software leaders in this area.”
– Inovia Partner Dennis Kavelman
“Guesty has enjoyed astonishing five-fold growth during the last three years. We’re delighted that this has been recognized by top-tier investors KKR and Inovia, and we’re excited to have them onboard alongside our other investors as we enter our next growth period. The surge in those seeking short-term rentals continues and our platform remains at the vanguard of the industry. As we embark on creating the industry’s first intelligent property management platform, we’ll continue to develop its functionality and AI capabilities to deliver first-to-market features and best-in-class support for our customers.”
– Amiad Soto, Guesty’s CEO & Co-Founder
