Rental Property Platform Guesty Raises $130M To Aid Expansion 

Guesty, a software management platform for short-term property renters, has raised $130 million in its latest funding round. 

The Tel Aviv-based company says the Series F round will help it continue its global move and support its ongoing development of its platform. 

The round was led by global investment firm KKR, alongside Inovia Capital. KKR’s partner and head of tech growth in Europe, Stephen Shanley, and Inovia Capital Partner Dennis Kavelman will both join Guesty’s board of directors following the investment. 

Guesty currently operates in more than 80 countries, helping short-term and vacation renters, both commercial and private, advertise and manage the entire process.   

The company says its latest expansion will focus on solidifying its presence in the US and Australia, as well as invest in the European market – in particular in France, Germany and Spain.  

“Guesty is a best-in-class operator and one of the clear leaders in the property management sector. There has been a significant shift towards the short- term rental market and this investment will support the company as it continues to meet that growing customer need,” said Shanley.

“Guesty has enjoyed astonishing five-fold growth during the last three years. We’re delighted that this has been recognized by top-tier investors KKR and Inovia, and we’re excited to have them onboard alongside our other investors as we enter our next growth period,” said Guesty CEO and co-founder Amiad Soto. 

“The surge in those seeking short-term rentals continues and our platform remains at the vanguard of the industry. As we embark on creating the industry’s first intelligent property management platform, we’ll continue to develop its functionality and AI capabilities to deliver first-to-market features and best-in-class support for our customers,” he said.