Startups Venture

Vacasa Raises A $103 Million Series B, Adding Fuel To The Already Excitable Real Estate Space

Like many industries that startups disrupt, real estate is ripe for a tech upgrade. As Brendan Wallace told Crunchbase News in our overview of startups in the sector, “real estate has been a tech laggard.”

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But throw enough money at an industry, and it will eventually catch up to the 21st century. Or, at least, the investors behind Vacasa’s $103 million series B, following the company’s $40 million series A, should hope so.

The Portland, OR-based company, according to its Crunchbase profile, “provides vacation property management and marketing services for over 1000 properties in several states.” Its bread and butter, however, is its all-encompassing services that it provides for property managers. According to Skift, Vacasa is able to charge “closer to 35 percent than the under-20 percent that its rivals collect” for the services it provides.

With its latest raise, the company intends to expand its global footprint to attract property managers. To do so, it aims to acquire smaller property management companies. The startup has already acquired three property management companies according to its Crunchbase profile, including Discover Sunriver Vacation, Elson Shields, and Utah Vacation Homes. No prices were disclosed, but with an additional $100 million, it’s likely Vacasa has quite a bit of legroom for future acquisitions.

But just how competitive Vacasa can stay in the space with the likes of Airbnb eyeing the same market remains to be seen.

From the Crunchbase Daily:

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