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Proptech CEO pay, the #s behind Sonder's $2.2B SPAC deal


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Proptech CEO pay, the #s behind Sonder’s $2.2B SPAC deal
Plus, a startup that tracks our cell phones raised $50M
National /
Proptech’s payday
A year ago, Redfin CEO Glenn Kelman said he would forgo a salary after the tech brokerage had to furlough 40 percent of agents and staff. Other CEOs followed suit.
But in the end, the pandemic didn’t cause a housing meltdown or a meaningful deterioration in CEO pay.
In 2020, CoStar’s Andy Florance was compensated $21.3 million, according to the company’s recently filed proxy statement. Behind him was eXp World Holdings’ Glenn Sanford with $15.9 million and Zillow’s Rich Barton with $8.4 million. Kelman stuck to his word and collected a salary of $63,609 (instead of $300,000). Sanford also took a smaller salary $656,480 ins ....

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Property Management Platform Guesty Raises $50M


Guesty, a startup that designed a property management software used by hosts who list through sites like Airbnb and Booking.com, just raised $50 million and purchased competitor Your Porter.
The Israel-based company has been on a steady track of growth and expansion lately two years ago, it secured $35 million in Series C funding and, last month, acquired Y Combinator-backed property management platform MyVR.
The latest Series D funding round is led by Apax Digital Fund and also includes AMI Opportunities Fund as well as existing investors Viola Growth, Flashpoint, Vertex Ventures, Kingfisher Investment Advisors and La Maison Partners. On the same day, Guesty announced that it has acquired Your Porter, a smaller property management company specializing in family-run rentals. ....

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Property Management Platform Guesty Raises $50M in Series D Funding, Signaling a Year of Recovery for the Short-Term Rental Ecosystem


Property Management Platform Guesty Raises $50M in Series D Funding, Signaling a Year of Recovery for the Short-Term Rental Ecosystem
LOS ANGELES, April 27, 2021 /PRNewswire/
Guesty, the leading property management platform that automates and streamlines all complex operational needs accompanying short-term rental management, today announced it has raised $50M (£36M) in Series D funding, led by the Apax Digital Fund with participation from the AMI Opportunities Fund, both advised by Apax Partners ( Apax ), and existing investors Viola Growth, Flashpoint, Vertex Ventures, Kingfisher Investment Advisors and La Maison Partners.
The round brings the company s total funding to $110M (£79M), cementing its position as the highest-funded property management software fueling the alternative accommodation ecosystem, a competitive market in which small and large hospitality brands are increasingly relying on robust tech solutions to professionalise their operations in order ....

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