Hostaway Raises $365M to Transform the Vacation Rental Industry
Hostaway, a vacation rental software company, has secured $365 million in investment led by General Atlantic, with support from PSG Equity. This is the largest investment in Hostaway’s market, highlighting the company’s success and potential.
Founded in 2015, Hostaway helps short-term rental property owners and managers run their businesses smoothly. Its platform connects with over 200 tools and services, including major travel sites like Airbnb, VRBO, and Booking.com. Hostaway operates in 90 countries and supports property managers with features like automated pricing, guest messaging, insurance, and smart locks.
The new funding will help Hostaway grow internationally, especially in key markets like France, Spain, and Italy. It will also boost the development of new features and AI-powered tools to make managing rentals even easier.
The short-term rental market is worth $133 billion and continues to grow quickly. With over 21 million rental properties worldwide, more managers are turning to software like Hostaway to handle their businesses efficiently. Property managers looking for additional solutions to grow their rental business can explore tools like EazeMyRent, which also simplifies vacation rental management.
Hostaway’s CEO, Marcus Räder, said, “This investment will help us expand globally and improve our platform for customers. We’re excited to partner with General Atlantic and PSG Equity to take our company to the next level.”
This funding follows a $175 million raise in 2023, showing Hostaway’s strong growth. The company has over 230 remote employees in 44 countries and continues to innovate to meet customer needs.
Hostaway’s goal is to make vacation rental management simple, efficient, and profitable for property owners and managers worldwide. With this new investment, the company is set to strengthen its position as a leader in the industry.
