Hostaway investment from General Atlantic & PSG Equity

The leading all-in-one vacation rental software has secured a $365 million strategic growth investment led by General Atlantic with participation from existing investor PSG Equity

Growth capital 2024, December

“This transaction is a critical milestone that will enable Hostaway to expand our commitment to delivering continued product innovation and invest further in AI-driven tools as we support our customers in growing and managing their businesses. Also, we are excited to leverage this investment to further expand our footprint across the world, especially in key markets like France, Spain, and Italy. We have identified like-minded and decisive partners in General Atlantic and PSG Equity and are thrilled to collaborate with them on the next stage of our journey.”

Marcus Räder, CEO and Co-Founder of Hostaway

Hostaway, a leading all-in-one vacation rental software and management system, today announced it has secured a $365 million strategic growth investment led by General Atlantic, a leading global growth investor, with participation from existing investor PSG Equity. Hostaway plans to partner with General Atlantic and PSG Equity to further propel its growth strategy, including international expansion, product development, and AI initiatives. Upon completion of the transaction, General Atlantic and PSG Equity will both be significant minority shareholders in Hostaway, and the investment will mark the largest transaction to date in Hostaway’s market segment.

Founded in 2015 by Marcus Räder, Saber Kordestanchi, and Mikko Nurminen, Hostaway enables short-term rental owners and managers to automate and simplify property management. The company helps property managers scale and grow their businesses through one platform with hundreds of API connections and integrations. General Atlantic’s investment follows a period of significant company growth, with Hostaway benefitting from PSG Equity’s backing since 2023.

Today, the company’s integrated marketplace boasts over 200 marketplace partners, curating premier vacation rental software and tools within the industry for customers with properties in over 90 countries. Hostaway’s fully remote workforce includes over 230 employees across 44 countries.

Hostaway became the first property management and channel management software company to earn the highest partnership designations from the three leading online travel agencies – Airbnb, VRBO and Booking.com – and it also currently has preferred relationships with Google, Expedia, and Homes & Villas by Marriott.

The company has recently launched a range of tools and add-ons to further address customer needs, including Dynamic Pricing by Hostaway, an automated solution to help customers maximize revenue; Hostaway Capital, to provide flexible loans specially catered to the property management sector; Hostaway Insurance, to provide coverage for property damage during a rental period; and Smart Lock integration to further streamline the property management and guest experience. Hostaway has also integrated AI in its automation tools to support property owners and managers across guest messaging, content creation, and language translation.