Hostaway Secures $365M Funding

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New investor General Atlantic

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Hostaway

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Travel is back: Hostaway raises $365M at a $925M valuation | TechCrunch

Summary

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77% Informative

Hostaway has closed a round of $365 million at a post-money valuation of $925 million .

New investor General Atlantic is leading the round, with previous backer PSG Equity also participating.

The company develops software for vacation rental operators to manage listings, bookings and communication across third -party sites like Airbnb and VRBO .

The short term rental industry is inherently a very fast-growing industry by virtue of people’s preferences.

But with more supply coming online, inevitably there will need to be more professionalization” coming into the frame.

“OTAs cannot serve the property manager from end to end,” says General Atlantic MD Raph Osnoss .

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informal

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English

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Offensive language