Wheelhouse spun out of Lyric to commercialize a pricing and revenue-management product originally built for Lyric’s hospitality operations. The company offers Wheelhouse Pro, a professional-grade pricing engine and suite of tools aimed at large portfolios, hosts and enterprise operators in the flex-rental market. Wheelhouse positions itself as a fintech platform for the $500 billion-plus flexible rental space and provides pricing, financing and underwriting capabilities. The team says its technology has been deployed for years and will be expanded via a planned rollout called “Wheelhouse Everywhere,” scaling from 42 countries to worldwide. Wheelhouse reported 100% overall growth over the prior nine months, 45% growth in the first quarter, and 500–600% growth in its B2B business over the same nine-month period; B2B is now the majority of its business. The company plans to use new capital to finalize inherited core technology, price mid-length stays, build underwriting, and invest in data-science to improve its ML pricing engine. PriceMethod develops predictive analytics and pricing software for vacation and short-term rentals on Airbnb, VRBO and HomeAway. Its software collects over 500 million data points and uses proprietary algorithms to recommend the best nightly price for each property. Hosts can connect their Airbnb, VRBO or HomeAway accounts to see ideal prices and push updates to their listings. The company offers optimized, automated and guaranteed pricing to help accommodations marketplaces and property owners operate more efficiently. Led by CEO Andrew Kitchell and COO Joe Fraiman, PriceMethod plans to use new funding to expand nationwide coverage. The article states the funding amount was not disclosed.

Total raised

$16M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2022