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A significant portion of the funding went towards secondary deals. “We are close to becoming a unicorn. Within less than a year we tripled our valuation and doubled our revenue,” said Vered Raviv Schwarz, President and COO at Guesty ....
Guesty, the leading property management platform for the short-term rental and hospitality industry, today announced it has raised a $170 million funding round, led by the Apax Digital Funds, MSD Partners and Sixth Street Growth. Existing investors Viola Growth and Flashpoint also participated in the round. The Series E capital will be used to scale the company s global operations to meet increasing demand, pioneer new solutions that support the growing needs of hospitality operators, secure key acquisitions, and expand into new business verticals to solidify Guesty s position as the industry s gold-standard property management platform. ....
Today, Guesty officially announced the appointment of David Aber as Chief Financial Officer, pushing forth the Travel and Hospitality tech company’s continued global expansion as it enters its next phase of growth into new markets, verticals and business offerings as the PropTech industry continues to evolve and converge. Mr. Aber arrives at Guesty from his previous role as CFO of Seeking Alpha, the world’s largest investing community, and formerly served as CFO for top Israeli tech companies, including Taboola, Powermat, Finjan, and DSP Communications. ....