Guesty secures $130M at a valuation of $900M to aid property managers in listing on platforms like Airbnb and beyond

Guesty, a platform enabling accommodation managers to streamline their operations across platforms like Airbnb and Vrbo, has closed a significant funding round of $130 million in Series F financing. This latest round values Guesty at around $900 million post-money, according to sources familiar with the matter.

Headquartered in New York with roots in Israel, Guesty has seen remarkable growth, with its revenue increasing fivefold over the last three years. The company anticipates achieving profitability this year, although specific revenue figures were not disclosed.

Leading the Series F round is KKR, with participation from Apax Funds, Inovia, BDT & MSD Partners, and Sixth Street.

Against the backdrop of a robust rebound in the global travel and tourism sector post-COVID, Guesty and its competitors have witnessed substantial funding rounds. The World Tourism and Travel Council projects record-high sales of $11.1 trillion in the sector for 2024, despite tourism in the U.S. and China still recovering to pre-pandemic levels.

Guesty’s previous Series E round raised $170 million in August 2022, valuing the company at $690 million. Its close rival Hostaway secured $175 million in funding last May, marking its first major financing round. Similarly, GetYourGuide raised $194 million at a $2 billion valuation shortly after. Additionally, Mews, a provider of SaaS solutions for hoteliers, raised $110 million at a $1.2 billion valuation in March.

These substantial funding rounds underscore investor confidence in the travel and tourism sector’s resurgence and the potential for software platforms like Guesty to capitalize on this growth.