Rental management company Vacasa has received $64m in a funding round led by Riverwood Capital.
Other contributors to this round include Level Equity, NewSpring, and Assurant Growth Investing.
Founded in 2009, the company offers an online vacation rental property manager, which manages around 10,600 properties across 23 US states and 16 countries in Europe, South and Central America and Africa.
Through the platform, holiday makers can choose a home to stay in for a period of time, while property owners can manage their properties and receive upkeep support.
Earlier in the year, the company launched Vacasa Real Estate which is a network to connect buyers and sellers of vacation properties. It also recently acquired the assets of home-sharing company Oasis Collections.
Through the new capital, the company hopes to fuel its domestic and international expansion, as well as further build upon its team and technology.
Vacasa CEO and founder Eric Breon said, ?Vacasa has consistently grown 60 percent year over year, but were still only two percent of the market.
?We see this as an opportunity to strengthen our balance sheet while continuing to expand our geographic reach, adding new and unique programs, and investing in our technology platform.p>
The company raised a $103.5m Series B round late last year and a $40m Series A led by Level Equity in 2016, its first outside funding.
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