Skift Take
Hostaway's first major fundraise fits in with its ambition to grow both organically and inorganically. Given the size of the round, it's likely that there is some acquisition in the offing.
Vacation rental software maker Hostaway has raised $175 million. The funding round was led by PSG Equity, a Boston-based firm that invests in growth-stage software businesses.
Miami-based Hostaway, which also has offices in Toronto, Helsinki, and Barcelona, was founded in 2015 by Marcus Rader, Saber Kordestanchi and Mikko Nurminen to automate and simplify the process of property management, helping property managers scale and grow their busi