Evolve Raises $100 Million for Vacation Rentals: Travel Startup Funding This Week
Photo Credit: An exterior view of a vacation rental in the Colorado mountains recently available via property manager and marketer Evolve. Source: Evolve. Evolve
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This week, travel startups announced more than $690 million in debt and equity investment, including capital support for vacation rental players AvantStay, Evolve, and Plum Guide.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.This week, travel startups announced more than $690 million in debt and equity investment.
>>AvantStay, a short-term rental property operator and marketer, has closed a $500 million non-equity funding round to create a company to hold its property assets.
Saluda Grade, a real estate advisory and asset management firm, has backed this short-term rental fund, which will buy a half-billion dollars worth of residential property. Saluda Grande will own the homes, and AvantStay will be the property manager. See Skift's coverage.
>>Evolve, a vacation rental hospitality company, announced a $100 million capital raise.
Durable Capital Partners led the round.
Evolve, based in Denver, manages more than 19,000 vacation rentals, and it has raised $235 million.
Evolve considers the property manager Vacasa, which went public in December, to have a different business model, which leads to attracting differ
