Guesty, a cloud-based system to simplify
management of vacation rental properties across multiple distribution channels,
has raised $19.75 million in Series B funding.
The round was led by TLV Partners,
which joined existing investors Magma VC and Buran VC.
Guesty launched in 2013 and
provides property managers a single dashboard to oversee all aspects of their short-term
rentals across channels such as Airbnb, Booking.com, Agoda and others.
“We
are humbled by the confidence our investors have shown in Guesty,” says Amiad
Soto, CEO of Guesty.
“We
plan to uphold our prominent position within the vacation rental industry by
equipping professional property managers with ever advancing technologies and
automation.”
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In
addition to channel management, the system offers property management software,
payment processing, communication tools, website creation tools, a portal for
homeowners and more.
“We
at TLV Partners see massive potential in this market and believe Guesty is the
one to actualize it.,” says Shahar Tzafrir, managing partner at TLV Partners.
Guesty will use the funding to expand its team
in all areas including product, customer service, guest relations and
marketing.