TurnKey, founded in 2012 by T.J. Clark and John Banczak, provides full-service vacation rental property management across 55 U.S. markets. The company combines proprietary smart-home technology (digital smart locks, noise decibel monitors, FieldSync housekeeping scheduler and HomeDroid tablets installed in every TurnKey home) with local, 24/7 in-market teams to deliver hotel-like consistency in vacation rental homes. TurnKey says its technology and operations allow it to automate time-consuming management tasks and charge an industry-low commission rate, typically about half of the 35–50% charged by most property managers. The business has grown organically, doubling growth each year since 2013, and now manages more than 3,500 premier vacation rental homes. Management plans to deploy new capital to accelerate market expansion and to develop additional vacation-rental technologies while positioning the brand as a leading hospitality choice for guests and homeowners. To date the company has raised $72 million in total capital since 2013. TurnKey operates a vacation-rental management service that manages homeowner rentals across 40 U.S. markets. The company combines property management with a technology platform and in-home hardware to streamline guest experiences. TurnKey plans to use new funding to expand into additional markets and continue developing its mobile technology platform. Product road map items include rolling out virtual tours, floorplans and 3D models for all homes, omni-channel guest communications (phone, email, SMS and chat), and a next-generation TurnKey HomeDroid in-home tablet. TurnKey was founded in 2012 and has raised $41 million to date. Founders John Banczak and T.J. Clark bring prior travel and online marketplace experience from HomeAway, BedandBreakfast.com, Hotwire and IAC.

Total raised

$31M

Funding rounds

2

Latest round

Series D

Latest activity

Mar 2018