Rental management platform Vacasa has scored $319m in its strategic investment round which was led by Silver Lake.
Previous backers of Vacasa including Riverwood Capital, Level Equity and NewSpring, also contributed to the round of funding.
Having closed the round, the company aims to enhance its technology platform, accelerate expansion into new markets and build new solutions. One of these new products in Vacasa Real Estate, an agent network which includes brokerages from vacation rental markets across the world.
The FinTech offers an end-to-end vacation rental property management solution for homeowners around the world. Homeowners can access tools to help monitor the pricing of the rental apartment, optimising it with demand and factors such as weather, local events and trends.
Vacasa founder and CEO Eric Breon said, “The opportunity that lies ahead of us is enormous, on both the property management and real estate side of the business.
“We’re seeing an increased number of buyers looking to purchase vacation homes as an investment, with the intent to rent the property. We’re uniquely positioned to assist our homeowners through the entire lifecycle of their vacation home and are dedicated to continued advancement of our technology to meet the needs of our customers.”
Last year, the PropTech platform secured a $64m investment led by Riverwood Capital and supported by Level Equity, NewSpring, and Assurant Growth Investing.
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