Hostaway provides software that lets vacation-rental operators manage listings, bookings and communication across third-party platforms like Airbnb and VRBO, and it operates a marketplace of about 200 services. The company has built tools for dynamic pricing and analytics and is expanding into hardware and adjacent services such as smart locks and insurance via partnerships and M&A. Revenues and property numbers have grown “more than 10x” since 2023; a conservative interpretation of the company’s comments suggests roughly 1 million properties on the platform versus about 100,000 previously. Hostaway describes itself as a distributed workplace with roughly 230 employees across about 45 countries and is officially based in Toronto. The company plans to use new funding to invest in technology — including more AI for personalization and predictive insights — to expand its marketplace and accelerate M&A and partnerships. It competes with other well-capitalized players in the space, such as Guesty. Hostaway provides a SaaS platform to help owners and managers run vacation rentals across listing channels including Airbnb, Expedia, Booking.com, Google and direct websites. Its product includes a property management dashboard, marketing and communication tools, channel management, accounting and payments, smart-lock and maintenance tools, analytics, mobile apps and a marketplace of roughly 100 integrations. The company manages about 100,000 properties across 100 counties and says revenues have grown 10x since 2021. Founded in 2015 and headquartered in Toronto by three Finnish founders, Hostaway arrived at profitability after largely bootstrapping the business and taking less than $3M in outside funding prior to this round. Hostaway plans to use new funding to enhance its platform, expand its customer base beyond 100,000 properties, recruit talent and pursue acquisitions. Hostaway provides a short-term vacation rental management platform for professional property managers to consolidate apartments across Airbnb, Booking.com, HomeAway and Expedia via a unified dashboard. The platform offers real-time integration of Airbnb and Booking.com listings and enables property managers to message guests on any platform directly. It is a premier partner of Booking.com and helps managers grow their business, reach the largest sales channels, delegate tasks, and optimize performance. Led by CEO and co-founder Marcus Räder, Hostaway has offices in Helsinki, Toronto, and Barcelona. The company raised €700K in the reported funding round and plans to use the funds to continue expanding its business reach; total disclosed funding to date is €1.16M from angel investors and Business Finland.

Total raised

$541M

Funding rounds

3

Latest round

Equity

Latest activity

Dec 2024