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Hostaway, a platform for managing short-term rentals, has raised $365 million — one of the largest fundraises of the year and among the largest ever in its sector.
The fundraise values the company at $925 million.
This comes shortly after hotel analytics tech company Lighthouse raised $370 million, the largest fundraise of the year for a travel software company.
Private equity firm General Atlantic led the round, with participation from existing investor PSG. Hostaway said that both firms are “significant minority shareholders” in the company following the transaction.
PSG led Hostaway’s previous round of $175 million in 2023.
Miami-based Hostaway is meant to simplify the multiple tasks for short-term rental property managers, with tools for managing inquiries, dynamic pricing, automating reviews and messages, channel management, analytics, and marketing.
The company also partners with more than 200 third-party software vendors that customers can use through the Hostaway platform.
Hostaway says the funding will go toward international expansion — particularly in France, Italy, and Spain — along with product development, with an emphasis on tools for direct bookings. And the company plans to further integrate AI into the platform, with plans for AI-powered messaging, content creation, and language translation.
