Private Equity Firm Alpine to Acquire AirDNA in Short-Term Rental Data Play
Photo Caption: A StayMarquis managed in Water Mill, New York in the Hamptons. StayMarquis is a customer of AirDNA, which has just been acquired. Source: StayMarquis.
Skift Take
This deal is the second investment in two weeks in business intelligence for the short-term rental sector, coming after startup OTA Insight's purchase of Transparent. "Follow the data" is the new "follow the money."
Alpine Investors, a private equity firm that buys and builds software and services businesses, said on Monday it would acquire AirDNA, which sells data and predictive analytics software for short-term rentals.
The players didn't disclose the deal terms. AirDNA, based in Denver and founded in 2014, has never raised venture capital.
"The majority of our R&D [research and development] spend has been on getting the data right for every property," said AirDNA CEO and co-founder Scott Shatford. "It's not an easy problem to solve because we track 10 million properties. This acquisition is a validation of our data quality as well as how we prod
