Buran VC’s Portfolio Company Guesty Raises a US$35M Round CMarch 30, 2019 2:26 pm
March 21, 2019 — Guesty.com, Israeli based portfolio company of Eastern-European venture capital fund Buran VC, announced the closing of a US$35 million investment led by Viola Growth with participation from other international VCs: Vertex Ventures, Journey Ventures, Kingfisher Investment Advisors, La Maison Compagnie d’Investissement, and existing investors. This round brings the total company financing to US$60 million.
Guesty provides property managers and management companies with a solution to simplify the needs of short-term rentals. The platform provides rich functions to run the business, including robust channel manager with deep integration with Airbnb, multi-calendar, unified inbox, automation tools, mobile management app, branded website task management, reporting tools, owner portal, payment processing, analytics, open API, 24/7 guest communication, and much more. Today, the company is managing over 100,000 properties from over 70 countries, more than doubling last year’s listings.
The funding will support the company’s product development across urban and vacation rentals niche, strengthening its position in existing markets and speeding its expansion into European markets.
Alexander Konoplyasty, Managing Partner at Buran Venture Capital and board member of Guesty said:
“We are thrilled to see our portfolio company lead the automation of a multi-billion dollar niche of short-term rentals. The company has more than doubled its valuation since its last funding a year ago, and we believe it has just scratched the surface in the urban rental niche. We see strong potential for the company to expand into European markets and adjacent segments to become a category leader in the hospitality automation space”.