Hostaway Secures $365 Million in Funding
Hostaway, a Toronto, Canada-based property management software platform for vacation rental operators, has raised $365 million in funding at a $925 million valuation.
The round was led by General Atlantic, with participation from PSG Equity.
General Atlantic is a global growth investor with over 40 years of experience supporting more than 520 companies and managing approximately $97 billion in assets. Founded in 1980, the firm invests across Growth Equity, Credit, Climate, and Sustainable Infrastructure strategies, with a team of 900 professionals operating across 20 countries.
The company will use the funding to scale its platform. The funding will enhance Hostaway’s AI-driven dynamic pricing tools, expand into smart lock and insurance integrations, and foster partnerships to further its reach.
Founded by Marcus Räder, Saber Kordestanchi, and Mikko Nurminen, Hostaway provides an all-in-one vacation rental software solution for property managers. The platform offers tools to manage listings, bookings, and communication across multiple online travel agencies (OTAs). Headquartered in Toronto, Hostaway currently serves over 100,000 properties and employs 230 people across 45 countries.
Funding Details
Company: Hostaway Oy
Raised: $365.0M
Round: Unknown
Funding Date: December 2024
Lead Investor: General Atlantic
Additional Investor: PSG Equity
Company Website: https://www.hostaway.com/
Software Category: Rental Property Management