Israel’s Guesty snaps up Spanish, Australian firms after raising $170 mn
The Guesty team. Photo credit: Guesty
Guesty, an Israeli property management platform, has added to its list of acquisitions two more companies—Spanish vacation rental software company Kigo and Australian property software management company HiRUM.
The two latest buys come just two weeks after Guesty acquired YieldPlanet, a hotel-focussed revenue and distribution platform.
The three buys follow a $170-million Series E fundraise in August from a bunch of new investors led by Apax Digital Funds, MSD Partners, and Sixth Street Growth, who were joined by existing backers Viola Growth and Flashpoint.
The new acquisitions will allow the company to expand its business to the United States, Spain, the Philippines, and Australia, and will add to its employee base of 600 people all over the world.
YieldPlanet has developed SaaS travel technology solutions for revenue and distribution management and has more than 4,000 clients in over 85 countries around the world, with offices in Spain, Switzerland, and Poland.
Kigo and HiRUM bring thousands of customers to the Guesty platform, representing short-term rentals, vacation villas, and hospitality listings within Europe and Australia’s tourism sector.
“Guesty, Kigo, and HiRUM view consolidation as the path forward in such a dynamic space and fragmented industry,” said Guesty co-founder and CEO Amiad Soto. “The continued advancement of property management solutions, technology, and service requires substantial resources and financial investment that can only be achieved by merging the industry’s best teams and regional leaders under one entity.”
