Guesty raises additional $170 million in Series E to expand internationally and into new verticals

August 16, 2022

Guesty today announced that it raised $170 million in Series E funding. The round was led by Apax Digital Funds and MSD Partners. According to Guesty’s press release, this round will help accelerate its international business growth, expand into new verticals and “enhance its industry leading property management technology and platform to address the evolving needs of all types of hospitality operators.”
Guesty now has a total of $285 million in funding. Flashpoint and Viola Growth, existing investors, also participated in this round. The announcement stated that the Series E capital will be used by Guesty to expand its global operations to meet growing demand, to secure key acquisitions and to strengthen Guesty’s position in the industry as the industry’s top-rated property management platform.
Guesty’s cofounder and CEO Amiad Soto said, “Despite an extremely difficult fundraising climate, the financing Guesty has raised represents a vote of confidence and an endorsement of pioneering technology and our position as market leaders in the hospitality and property management sector.” Guesty is a clear winner in a market where alternative accommodations are gaining popularity. This is due to our dedication to innovation and ability to assist our customers to become more successful. We are grateful to our existing partners Apax, who are increasing their commitment for Guesty. We are also excited to welcome Sixth Street and MSD Partners, who have strong track records in our ecosystem and make us ideal long-term partners. We look forward to providing more value to hospitality managers as we expand internationally and grow our market leadership.
The short-term rental industry (STR) has seen an exponential growth since the onset and spread of the pandemic in 2020. In 2021 alone, travelers spent more than $200 billion on STR accommodations. The lines between traditional hotels, and rental accommodations are blurring as consumers change how they live, work, socialize, and travel. As operators adapt to changing guest expectations, this trend has increased the need for flexible hospitality management technology.
Guesty’s platform provides hospitality providers of all sizes and types with an all in one platform that allows them to scale and manage their inventory, optimize and scale their operations, and provide data-driven insights and enhanced services. This allows them to respond to market trends and empower themselves to succeed.
Guesty allows customers to centralize their reservations across all major booking channels including Airbnb, Vrbo and Expedia. Guesty automates guest communications, reviews and other operational tasks. It also facilitates direct bookings, revenue and resource management, smooth payments systems and accounting, and damage protection. The platform’s open API capabilities and large marketplace of third party integration partners allow it to adapt to specific business and operational needs. It provides comprehensive and customized solutions that cover all aspects of property management.
Apax Digital Partner Dave Evans said, “As alternative property operations become more complicated, Guesty is paving a way for the next generation digital hospitality services.” Guesty is well-positioned to work with all sizes of hosting businesses because of their track record of innovation and success. We are thrilled to continue our partnership with the company as it continues its transformation of the industry.”
“In a highly specialized and localized industry there is a huge potential to bring a global standard in service and excellence to all hospitality operators of any size,” said Dan Bitar (Managing Director and co-Head MSD Growth). “Guesty’s strong product offerings, strong R&D staff, and proven ability of scaling the business across geographies make it an ideal platform to consolidate the market.”
“The tech-enabled realty ecosystem continues to grow, mature, and we look forward joining Guesty on their journey to democratize, further professionalize, and professionalize the space of property management,” said Michael McGinn (Partner and Co-Head, Sixth Street Growth). We have complete confidence in Guesty’s ability to continue its leadership position in the worlds of property management and hospitality, thanks to its strong management team, long term vision, product innovation, marquee customers, and partners.
Guesty has doubled its revenue since its last raise, and its latest funding round tripled its value.
Guesty launched many new products, services, and partnerships in 2021 and 2022 as part of its core platform. These include advanced accounting tools, damage protection options, and payment solutions for short-term rental property management. Guesty’s steady growth has seen it reach $100 million in revenue within the next year.
Guesty has previously acquired MyVR and YourPorter, which are property management platform companies. Guesty plans to make further acquisitions in the future. J.P. Morgan Securities LLC was the sole placement agent for this transaction.

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