Vacation Rental Management Firm Vacasa Attracts $35 Million in Funding
Photo Credit: Vacasa manages Li'l Pink House in Rockaway Beach, Oregon. Vacasa
Skift Take
Professionally managed vacation rentals, when done right, offer an increased level of confidence for consumers. Vacasa's $35 million in funding is an endorsement of its growth trajectory and that of a key segment of the industry.
In an affirmation of the vacation rental property-management sector and its potential, Portland, Oregon-based Vacasa, founded in 2009, raised $35 million in venture funding — the first outside capital it has raised.
Level Equity, a New York-based growth equity firm, led the Series A round, which Vacasa plans to use for U.S. domestic and international expansion. Currently operating in about a dozen U.S. states, Belize, Chile, Italy, and Spain, Vacasa employs about 1,000 people, plans on doubling its workforce in
