Guesty, an Israel-based property management platform, focusing on the short-term rental and hospitality industry, has raised $170 million in its Series E funding round, led by Apax Digital Funds, MSD Partners, and Six Street Growth.
- The fund will be used to improve the company's global operations to meet rising demand, generate new solutions to support hospitality operators, secure strategic partnerships, and expand into new verticals in the property management business.
- Founded in 2013, Guesty automates and streamlines hospitality processes. Its platform is used by customers to make reservations, book channels (like Airbnb, Vrbo, and Booking.com), facilitate payments, and manage revenue for operators.
- Guesty has tripled its valuation and doubled its revenue since its last raise in 2021. In 2021 and 2022, it launched new products and services as part of its platform, including advanced accounting tools, damage protection offerings and payment solutions for property management of short rentals.
- Viola Growth and Flashpoint, its existing investors participated in the latest round.