Shaking Up The Online Accommodation-verse: Guesty Lands a Solid $130 Million!

Hey Short-term Rental Aficionados! You know that software you've digi-drooled over? You know the one I mean—the tickety-boo tool that makes short-term rental management feel like a Blizzard Beach waterslide ride? Yeah, that's right, I'm talking about Guesty, and boy oh boy, have they cranked the dial up on their piggy bank!

Our peeps at Alight Read confirmed that Guesty has just rounded up a cool $130 million funding. This bloztastic Series F boosts their post-money valuation to a whopping $900 million! So, let's get this straightsicle—this company that’s cross-bred between New York and Israel, who's seen a mere 5x growth in the last 3 years, will also likely wave the profitable flag this very year? Whoa Nelly!

Backing from the Big Boys

Leading this fiscal hoedown is none other than KKR, with other thick-wallet gurus like Apax Funds, Inovia, BDT & MSD Partners, and Sixth Street gasping at the refreshment stand. This is no pin the tail on the donkey, folks, we're talking big league investment here.

Why all the cash excitement you may ask? Well, imagine this—the global travel and tourism gig looks headed for a record-breaking $11.1 trillion jamboree by 2024 according to the sleek cats at the World Tourism and Travel Council. So, let's keep an eye out for Guesty to cash in on anything and everything hospitality related.

The Competition's No Slow Poke Either!

Don't think for a sec that Guesty's taking all the marbles either. Hostaway, a direct competitor, snagged a shiny $175 million just last May - their first big cash haul. Mews, another SaaS superstar targeting hoteliers, managed to stow away $110 million at a $1.2 billion valuation in March.

The Journey Towards Profitability

"Hero CEO" Amiad Soto, of Guesty, wasn't shy in admitting the challenge. He playfully quipped about getting a demolition derby of 40 no’s to every yes in every fundraising round. But that clearly didn’t corrode his spirits as he's steadily marching towards a profitable year while picking up a whole lot more yes’s this time around.

Where's All This Money Going?

Soto and his co-founding bro, Koby, have a multi-dimensional plan for all this newfound capital wealth. They aren't just wiggling their earlobes, these guys are hustling!

First off, they're looking to super-size their platform for existing customers with a promise to double down on their one-stop-shop concept. Then, they are planning to drop into the medium-term rental space, for those of us who might swap home offices for different zip codes now and again on work sabbaticals or such. Finally, a sprinkle of acquisitions isn't off the table. The market might be chilly for startups right now, but not when you've got this warm cash blanket from their blockbuster round.

Board Bustle and Backer's Blessings

To keep this tale tidy, let's not overlook Stephen Shanley from KKR; Lauriane Requena, an ace from KKR Tech Growth; and Dennis Kavelman, a whizz bloke from Inovia Capital. They are all surfing onto the board with this funding round. Shanley believes Guesty is flexing as a prominent leader in the property management scene, and the bounce towards the short-term rental market is just starting to hit its stride.

So folks, buckle up, because Guesty, the digital darling of the short-term leasing industry, is coiled up and ready to spring towards the clouds!

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