Kasa is a NYC-based tech-enabled hospitality brand and manager for boutique hotel and apartment-style lodging properties, led by founder and CEO Roman Pedan. Its core product is a proprietary hospitality Operating System that combines technology and streamlined operations to deliver guest experiences and optimize property owner profitability. The company serves as the exclusive short-term rental provider to half of the 20 largest multifamily owners in the U.S. and partners with institutions including Starwood Capital, Berkshire, Prudential, and Greystar. Kasa operates over 85 properties across more than 45 markets nationwide. It has surpassed $100M in annual booking revenue, more than doubling its business in the past year. The company intends to use the new funding to accelerate investment in the technology and AI capabilities that power its platform. Kasa Living operates a tech-powered hospitality platform that transforms investor-owned multifamily apartments, boutique hotels, and single-family homes into professionally managed, flexible accommodations. The company partners with real estate owners including Greystar, AMLI Residential, and Starwood Capital as well as local hospitality investors and developers. Kasa runs operations in Seattle, Chicago, Denver, Austin, San Francisco and Pittsburgh. Founded in 2016 and led by CEO Roman Pedan, the company has added Jonathan Langer to its board. Kasa says it will use the new funding to expand operations and broaden its business reach. The brand focuses on scaling its operator model across gateway and secondary U.S. markets. Kasa Living provides technology-powered flexible accommodations by partnering with multifamily and boutique hospitality property owners to convert vacant or underutilized units into stylishly furnished, professionally managed stays. The company operates management agreements in 35 markets across 15 states and has expanded units under management by 50 percent recently. Over the past nine months Kasa has maintained approximately 75 percent occupancy and grown monthly revenues by about 50 percent since December, while generating positive operating margins. Kasa emphasizes a proprietary technology platform that handles operational complexity, guest experience, community safety, and partner integrations to enable distributed hospitality at scale. The company plans to accelerate investment in its technology team and product suite to streamline operations and minimize onsite overhead. Kasa was founded in 2016 and is headquartered in San Francisco.

Total raised

$140M

Funding rounds

3

Latest round

Equity

Latest activity

Aug 2025