Guesty raises $20 million to power takeover
Guesty, a Tel Aviv based Startup that provides an end-to-end property management platform, announced today that it has raised $19.75 million in Series B funding. The round was led by TLV Partners who joined existing investors Magma VC and Buran VC.
The outcome of the round is owed to Guesty’s sizeable growth over the past year and its proven capacity to replicate its success in the urban short-term rental sector within the vacation rental market.
Co-founded in 2013 by twin brothers Amiad and Koby Soto, Guesty provides the means to manage all aspects of a short-term rental business across multiple channels from one convenient dashboard. Its mission to facilitate smooth business operation for its customers prompted the conception of effective tools that automate the more mundane tasks involved in property management.
Guesty recently added integrations with Booking.com and Agoda to its growing list of partners, which includes major OTA channels like Airbnb as well as various technological players in the short term rental scene.
“We are humbled by the confidence our investors have shown in Guesty,” says Amiad Soto. “We plan to uphold our prominent position within the vacation rental industry by equipping professional property managers with ever advancing technologies and automation.”
Soto adds that Guesty believes in its human capital and will continue to grow its teams, recruiting highly talented professionals across all departments.
TLV Partners’, Shahar Tzafrir, is very enthusiastic about the partnership. “I was fortunate to lead Guesty’s seed investment on behalf of Magma, and now I’m glad to have had the opportunity to lead their current financing round on behalf of TLV Partners. I’ve witnessed up close Guesty’s exceptional execution and rapid growth” he says. “We at TLV Partners see massive potential in this market and believe Guesty is the one to actualize it.”
Source: Read Full Article