Guesty, the short-term rental management platform, raises $35M

Firm said it will use latest funding round for new offices, software development

TRD NATIONAL /
Mar.March 22, 2019 03:00 PM
Guesty CEO & Co-Founder Amiad Soto

The property management platform Guesty has raised $35 million in its latest funding round.

The Series C round brings the total funding for the firm to $60 million.

The company’s software is aimed at helping property managers who operate short-term rentals and vacation rentals run their listings more effectively. The firm says it can streamline different listings channels, create personal websites and handle guest questions and comments.

Viola Growth investment fund led the round, with contributions from Vertex Ventures, Journey Ventures and Kingfisher Investment Advisors among others.

Guesty will use the latest round of funding to open new offices, enhance its software and introduce artificial intelligence into the platform. The firm was founded in 2013 by twin brothers Amiad and Koby Soto.

The company’s expansion comes at a time when home-sharing platforms like Airbnb are battling with cities across the country. In December, the L.A. City Council approved a new set of rules that would open the door for short-term rentals, with restrictions. And this month, a federal appeals court in California ruled that Airbnb and other platforms were liable for listings that violate Santa Monica’s ordinance.


Related Articles

arrow_forward_ios
Council Member Mitch O’Farrell’s motion will not be automatically furled into Airbnb ordinance. (Credit: Getty Images, iStock, and Airbnb)

LA throws Airbnb hosts lifeline at rent-stabilized homes, but there’s a catch

The city of Los Angeles is considering allowed rent-stabilized units to be used for home shares. (Credit: Getty Images and iStock)

Last-minute policy tweak could hand Airbnb a key victory in LA

LA’s Airbnb hosts seek carveout for looming ban on renting out secondary homes

LA’s Airbnb hosts seek carveout for looming ban on renting out secondary homes

HomeAway CEO Brian Sharples and Airbnb CEO Brian Chesky say they need a delay (Credit: Getty Images)

Airbnb to LA: Please don’t start enforcing new law on Nov. 1

Californians want more pot shops, Airbnb asks LA to delay short-term rental ordinance: Daily digest

Californians want more pot shops, Airbnb asks LA to delay short-term rental ordinance: Daily digest

Airbnb CEO Brian Chesky

Airbnb — yes Airbnb — says it wants to fix California’s affordable housing crisis

Glendale Mayor Ara Najarian and City Hall

No more “party house” in Glendale if new Airbnb law passes

Airbnb's Brian Chesky and Mike Bonin, LA city councilman for Venice

LA’s new Airbnb rules may price out some short-term renters in beach towns

arrow_forward_ios