Hostaway Raises $120M in Series B

Hostaway has successfully raised $120M in a Series B at a $600M valuation led by PSG, Inovia Capital.

Company Overview

Hostaway is a PropTech company headquartered in Calgary, Canada, founded in 2015 with 200+ employees.

Vacation rental management software

Fundraising Details

Amount Raised: $120M
Round Type: Series B
Valuation: $600M
Date: 2024-11-01
Investors: PSG, Inovia Capital

About Hostaway

Vacation rental management software The company is positioned in the PropTech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Calgary, Canada
Founded: 2015
Team Size: 200+
Industry: PropTech

What This Means

This funding round demonstrates strong investor confidence in Hostaway's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The PropTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Hostaway's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $600M valuation marks an important milestone for Hostaway, positioning the company among notable players in the PropTech industry.

Looking Ahead

With this new capital, Hostaway is well-positioned to execute on its growth strategy and continue building innovative solutions in the PropTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-11-01. For more information about Hostaway, visit their headquarters at Calgary, Canada.