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Vacasa Nets $319 Million in Backing for Vacation Rental Management

Sean O'Neill photo
Sean O'Neill
vacasa Modern Rendezvous_Key West, FL_1

Photo Credit: Shown here is a vacation rental in Key West, Florida, that's offered for booking by Vacasa, a property management service that has just received a $319 million round of equity financing. Vacasa

Skift Take

Short-term rental companies can't believe their luck. Private equity and venture capital continue to pour into their sector despite a hot market. Vacasa has remained an investor darling, in part, because it has branched into opening real estate brokerages to help boost the supply of units.

Vacasa, a property management service for short-term rentals, said Tuesday it had raised $319 million in investment, led by financing from private equity firm Silver Lake. The vacation rental startup has now raised a total of $526.5 million in private equity funding — more than any other startup of its kind. The company, based in Portland, Oregon, said the deal places a "north of $1 billion" valuation on the company, making it the rental property management sector's first "unicorn." "Our goal has always been to be everywhere our guests want to travel, and while we've achieved significant growth year-over-year, there are still gaps to fill both in the U.S. and internationally," said Eric Breon in an intervie

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