StayTerra, a platform for top vacation rental brands in America, has received a strategic growth investment from Bessemer Venture Partners, alongside existing investor Garnett Station Partners. This partnership aims to enhance the vacation rental market.
Founded with Garnett Station, StayTerra manages premier brands focused on exceptional service and guest experiences. Bessemer’s investment will help expand StayTerra by utilizing its technological expertise.
The platform features Moving Mountains, a luxury rental company in the Colorado Rockies, and Prime Vacations, which manages over 1,000 properties along Florida’s Gulf coastline.
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“The Bessemer team recognizes the fundamental value in our mission to build the premier vacation rental company of choice for homeowners and guests, and we are thrilled to bring them on board. By pairing Bessemer’s outstanding track record in technology investing with Garnett Station’s platform building and operational expertise, we’re well positioned to add more premium brands to our platform and better serve our owners, guests and the communities in which we operate. This is aligned with our long-term strategy of scaling StayTerra, while remaining deeply committed to upholding the brand equity of each of our brands.”
Mary Lynn Clark, Chief Executive Officer of StayTerra
“This is an exciting milestone for StayTerra and positions the company for faster, sustainable growth. Bessemer’s expertise and established knowledge of the vacation rental market complement GSP’s proven platform creation playbook. We see significant opportunity in this highly fragmented market, and we look forward to working alongside Bessemer to tap into potential AI enhancements and data & technology investments to drive organic growth opportunities and elevate homeowner and customer service to provide even more homeowners and guests with best-in-class vacation experiences.”
Rafi Haramati, Managing Director at Garnett Station
“We are pleased to have found a like-minded, innovative partner in StayTerra and look forward to working with the GSP team to further capitalize on the untapped potential within the vacation rental industry, an area where we have strong conviction. We’re eager to support and ensure that each brand in the StayTerra portfolio receives the capital, advanced technology, data solutions and customer service capabilities they need to better serve their local markets.”
Brian Feinstein, Partner at Bessemer Venture Partners
