- Global investment firm KKR leading Series F funding round, with participation from Inovia Capital
- Investment to drive continued global expansion through both acquisitions and organic growth, including broadening the enterprise-level offering to accommodate medium-term rentals, corporate housing, and fully-serviced stays
The STR industry is growing rapidly and is currently valued at
Operating in over 80 countries, Guesty is the most comprehensive and easy-to-use platform on the market today. Guesty's platform provides both enterprise and SMB property managers as well as individual hosts with the necessary tools to manage the entire rental journey, solving some of their biggest pain points. The company's best-in-class software platform helps property managers advertise and manage their vacation or short-term rental properties, delivering unrivaled guest experiences through a highly intuitive user experience and open API capabilities.
Guesty's new funding will be used for expansion across the US, enhancing vacation rental offerings with innovative features.
"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," said
'We have been thoroughly impressed with Guesty's track record in consolidating the STR segment,'' says Inovia Partner
"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," says
KKR is making the investment in Guesty primarily through its Next Generation Technology Growth Fund III, a fund dedicated to growth equity investment opportunities in the technology space. KKR has established a proven track record of supporting technology-focused growth companies, having invested over
About Guesty
Guesty is the all-in-one platform for short-term rental businesses to automate and optimize every aspect of their operations. With purpose-built technology, industry-wide expertise, and an R&D team of 250+ engineers, Guesty ensures that hospitality businesses can streamline and achieve growth while delivering the best value to guests. With a complete suite of features and 200+ industry partners, including major booking OTAs like Airbnb, Vrbo, booking.com, Tripadvisor, Expedia (NASDAQ:EXPE), Hopper, Google (NASDAQ:GOOGL) Travel, Home & Villas by Marriot, and many more, Guesty is transforming the short-term rental industry with innovative solutions. Today, Guesty has 15 offices and 750+ team members across the globe. For more information, visit guesty.com.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: NYSE:KKR), please visit KKR's website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at www.globalatlantic.com.
About Inovia Capital
Inovia Capital is a venture capital firm that partners with founders to build impactful and enduring global companies. The team leverages an operator-led mindset to provide founders with multi-stage support, mentorship, and access to a worldwide network. Inovia manages over
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