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Airbnb competitor Vacasa has raised more than $100 million in series B funding

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Article by Charlène Guicheron - 19 Oct 2017 - 4 minute read

Vacasa a competitor of Airbnb, has recently raised more than $100 millions in series B funding.

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Vacasa, an online marketplace of Vacation property management has raised $103 million from a group of private equity firms, after receiving 40 millions of dollars with series A funding in 2006. in contrast to its biggest competitors Airbnb and HomeAway, Vacasa has a unique approach of home rental you may heard about very soon if you’re out of the US.

Founded in 2009, Vacasa is a full-service holiday rentals which makes the difference with an luxury housing rentals gestion.

Indeed, Vacasa allows owners to promote and manage their rental, but it also allows them to enjoy extra services like:

  • Housekeeping
  • Online Marketing options to promote their rentals
  • Guest services...

“People aren’t inherently looking for peer-to-peer...“People are just looking for that accommodation that isn’t available through traditional channels...They want it to be perfectly clean; they want to know that when they pick up the phone, somebody will answer."
Eric Breon, CEO of Vacasa


All the bookings are hosted on Vacasa and the platform also provides dynamic price adjustment which offers bigger returns when demand is high.

A new vision of Holiday rentals.

Vacasa CEO, Eric Breon, compares his service to Amazon, and assures with determination, that peer-to-peer vacation rentals as Airbnb or VRBO are more like Ebay. Vacasa does not see Airbnb as a competitor but rather as a partner.

Eric Breon Vacasa

“People aren’t inherently looking for peer-to-peer...“People are just looking for that accommodation that isn’t available through traditional channels...They want it to be perfectly clean; they want to know that when they pick up the phone, somebody will answer."

Eric Breon - CEO of Vacasa

 

For the tourist industry the high-end rental market is a growth area by travel experts.

Vacasa isn’t famous like Airbnb, but the online marketplace is working in 17 US states, several countries in South America, as well in Europe, Center and South Africa.

Today, Vacasa is using his funding to expand his offer for new destinations, and also develop his core technology.

 

Source: Forbes

Charlène Guicheron
About Charlène Guicheron

Co-Founder and CEO of Kreezalid

After 5 years helping companies to develop their online marketplace, I saw success stories as well as failures. Today I share my experience and my clients feedbacks through useful resources that will allow you to focus on what really matters for the success of your online marketplace. Because believe me, the secret isn't in the code ...