The investment will fuel Hostaway’s continued growth and innovation within the thriving short-term rental market.
Hostaway also recently expanded its offerings with new tools and add-ons, including Hostaway Insurance, Dynamic Pricing, Hostaway Capital (financing options), and Smart Lock integrations to enhance the guest experience.
Founded in 2015, Hostaway empowers short-term rental owners and managers with a comprehensive platform to automate and simplify their operations. The company’s integrated marketplace connects with over 200 partners, providing seamless distribution and maximizing revenue.
“We are excited to partner with General Atlantic, a firm with deep global experience in our sector,” said Marcus Räder, CEO and Co-Founder of Hostaway.
He continued: “This transaction is a critical milestone that will enable Hostaway to expand our commitment to delivering continued product innovation and invest further in AI-driven tools as we support our customers in growing and managing their businesses. Also, we are excited to leverage this investment to further expand our footprint across the world, especially in key markets like France, Spain, and Italy. We have identified like-minded and decisive partners in General Atlantic and PSG Equity and are thrilled to collaborate with them on the next stage of our journey.”
Raph Osnoss, Managing Director at General Atlantic, also commented, saying: “Hostaway has emerged as a category leader with a differentiated product addressing the distinct needs of short-term rental property managers, a dynamic and growing industry. We greatly admire the company’s high velocity of innovation and dedication to supporting its customers, and we look forward to working with this impressive team.”
“Our journey with Marcus and the wider Hostaway team began in 2023 and we have continued to be impressed with the quality, offering and strong growth of the platform,” said Edward Hughes, Managing Director at PSG. “
He added: Hostaway has already grown three-fold since making our investment, which is a testament to the company’s deep expertise in the short-term rental property space and the strong global customer demand for its products. There is a lot to be proud of and we are excited to continue to support Hostaway in this next chapter alongside General Atlantic.”