Hostaway has secured a $365 million strategic growth investment led by General Atlantic and PSG Equity to enhance its vacation rental software platform and accelerate international expansion.
Target Information
Hostaway, founded in 2015 by Marcus Räder, Saber Kordestanchi, and Mikko Nurminen, is a leader in vacation rental management software, providing an all-in-one solution that enables property managers and owners to automate and optimize their rental operations. The platform supports customers with properties in over 90 countries, offering hundreds of API connections to facilitate seamless integration with major online travel agencies such as Airbnb, VRBO, and Booking.com. With a fully remote workforce of over 230 employees distributed across 44 countries, Hostaway is well-positioned to cater to the burgeoning demand in the vacation rental sector.
In 2023, Hostaway raised $175 million, marking the largest capital raise in its market segment to date. The ongoing collaboration with PSG Equity has been instrumental in its rapid growth, providing backing that has allowed the company to expand its integrated marketplace, which currently boasts over 200 partners across the vacation rental software and tool space.
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Industry Overview
The short-term rental market represents a significant opportunity, currently valued at $133 billion in gross merchandise value (GMV), and growing at a compound annual growth rate (CAGR) of 12% over the pas
Similar Deals
General Atlantic
invested in
Hostaway
in 2024
in a Growth Equity & Expansion Capital deal
Disclosed details
Transaction Size: $365M