Goldman Sachs invests in Inhabit IQ
US: Inhabit IQ, a provider of software for the property rental industry, has received “a significant investment” from Goldman Sachs’ merchant banking division.
Goldman Sachs will join existing investors Insight Partners, Greater Sum Ventures and PSG as institutional shareholders in Inhabit IQ.
The funding will provide additional capital that will enable Inhabit IQ to increase its investment in innovation, accelerate its growth and continue its acquisition strategy. The company will continue to be led by CEO Lisa Stinnett and the current management team. Terms of the transaction were not disclosed.
Inhabit IQ’s brands offer customer relationship management systems, lead and channel management, direct-booking websites, trust accounting, billing and payment processing, communication tools, risk mitigation solutions, and other solutions.
“We’re gratified by Goldman Sachs’ show of confidence and look forward to working with this experienced team to grow our solutions portfolio,” said Stinnett. “Inhabit continues its track record of strong performance even amid today’s uncertain environment. We believe in the future of the property and vacation management industries and will help these businesses thrive by addressing their critical technology needs.”
Anthony Arnold, managing director at Goldman Sachs, said: “Inhabit IQ is a leader in the fast-growing property management software market, and we have been very impressed with the platform that Lisa and the Inhabit IQ management team have built. We look forward to supporting the management team in the next phase of their evolution.”