Startup Guesty Raises $50 Million for Tech Services for Short-Term Rentals
Skift Take
It's undoubtedly a boom time for Guesty, which helps streamline and automate key parts of short-term rental management. But what will happen when the publicly held tech giants enter the sector with their wares. Will they dominate, just like they've dominated the hotel tech sector?
Guesty, a maker of software for for managers of short-term rentals, has raised $50 million in a Series D round of funding. Apax Digital Fund led the round in the startup, with AMI Opportunities Fund and others also taking part.
The Tel Aviv-based startup has raised a total of $110 million since its participation in the Y Combinator startup accelerator, making it the best-funded of its peer set.
Guesty's tech solutions sit in the shared area of the Venn diagram of real estate technology, property tech technology, and hospitality technology, according to Amiad Soto, co-founder and CEO.
"There are public players in both hospitality technology and also in residential property technology, but in short-term rental software, there isn't any," Soto said. "We believe that there needs to be
