Guesty

Guesty has created real estate management software on short-term rental platforms such as Airbnb and Vrbo. In 2020, Guesty expanded its influence by supporting other types of property, including apartment buildings and apartment hotels.

History

2021: Raising $110 million, including from Flashpoint

At the end of April 2021, the Russian venture capital company Flashpoint invested in the real estate management service Guest in a deal of $110 million. The new Series D funding round was led by Apax Digital Fund with the participation of AMI Opportunities Fund, as well as existing investors Viola Growth, Flashpoint, Vertex Ventures, Kingfisher Investment Advisors and La Maison Partners. Apax Digital Managing Director Daniel O'Keefe joined Guesty's board of directors.

In the public markets, you can find many players in the field of hotel real estate management, "said Guesty co-founder and CEO Amiad Soto. - The same goes for the management of residential real estate. But in the field of short-term rental there is no public player - and we are aimed at filling this gap.

Russian venture capital company Flashpoint invested in real estate management service Guesty

Airbnb executives predict the return of travelers in 2021. Soto also notes that Guesty is doing well: for example, the volume of summer reservations in the United States is 282% higher than in the summer of 2020, and even 32% higher than in the summer of 2019. In the UK, the volume of summer reservations increased by 180% compared to 2020 (although it turned out to be 19% less than in 2019).

Yes, the pandemic changed travel, but this is not necessarily bad in all respects, "Soto said. - Large hotels are waiting for big changes, but the pandemic has made short-term vacation rentals and boutique hotels offering other services far more affordable and attractive options.[1]

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