Vacasa Expands Series A to $40M

What does Vacasa do?

Vacasa, is a fast growing tech enabled company which manages vacation rentals. It is a vacation rental, marketing, management and tech company. The company provides vacation property management and marketing services for more than a thousand properties in many states. By using data and technology, the company has become quickly one of the biggest vacation property management organizations in the country. The company offers vacation rental owners for a complete service management service, including housekeeping, maintenance, and pricing technology. Its proprietary tech systems are supported by dedicated local teams managing everyday operations. As a result, homeowners enjoy a hands off approach for renting their homes and guests are met with a reliable vacation rental experience.

How much Vacasa was funded?

The company raised $5M in Series A on November 14, 2016 from Assurant

Previous funding

$35M in Series A on April 12, 2016 from Level Equity

What is next for Vacasa?

The company plans on using the latest funding raised for accelerating growth domestically and internationally, and for fueling technology innovation and development. The company bootstrapped its growth for 6 years, which it more than doubled its inventory yearly, earning the spot 9 on the Inc.5000 list in the year 2014. Since 2014, the company has landed fourteen major vacation rental acquisitions and it now manages over a four thousand one hundred properties across the U.S., Italy, Spain, Chile, Belize and Costa Rica. The company has over 1,400 people all over the world and pays all employees in the U.S. a minimum of $15 hourly per the company’s initiative of fair wage. The company is going to continue with the expansion in the present and new markets both in the country and internationally. Their goal is being ubiquitous-offering home owners all over the globe trouble free vacation home management while providing the guests with memorable experiences consistently.

More about Vacasa

Vacasa was founded in 2009 by Eric Breon and Cliff Johnson. It has its headquarters in Portland, OR.