Israel: Guesty, a Tel Aviv-based startup property management platform has raised $19.75 million in Series B funding.
The round was led by TLV Partners who joined existing investors Magma VC and Buran VC.
Co-founded in 2013 by twin brothers Amiad and Koby Soto, Guesty says it provides the means to manage all aspects of a short-term rental business across multiple channels from one convenient dashboard.
Guesty recently added integrations with Booking.com and Agoda to its list of partners, which includes major OTA channels such as Airbnb as well as various technological players in the short term rental scene.
“We are humbled by the confidence our investors have shown in Guesty,” said Amiad Soto. “We plan to uphold our prominent position within the vacation rental industry by equipping professional property managers with ever advancing technologies and automation.”
TLV Partners Shahar Tzafrir said: “I was fortunate to lead Guesty’s seed investment on behalf of Magma, and now I’m glad to have had the opportunity to lead their current financing round on behalf of TLV Partners. I’ve witnessed up close Guesty’s exceptional execution and rapid growth. We at TLV Partners see massive potential in this market and believe Guesty is the one to actualise it.”