Briefing

Hostaway’s Toronto-based CEO secures US$365M investment

General Atlantic led the record-breaking round in the Helsinki-headquartered vacation rental property software company, joined by previous investor PSG. It brings the company’s total funds raised to US$542.9 million, according to PitchBook data. (The Logic)

Briefing

Hostaway’s Toronto-based CEO secures US$365M investment

By Aimée Look

Dec 18, 2024

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Talking point: Hostaway, whose CEO Marcus Rädar lives in Toronto, and the company operates across North America, Europe and the Asia-Pacific. It has 230 employees in about 45 different countries globally and manages the company mostly virtually. General Atlantic was an early backer of Airbnb. Hostaway plans to use the funds to expand in some markets like France, Italy and Spain, launch new products in the short-term rental market, and expand its AI tools, Rädar wrote.

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