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- Hostaway
Hostaway Revenue, Valuation, Funding & Investors
Hostaway is valued at $925M as of December 2024, a 92.5x multiple on its last reported $10M revenue.
Last Hostaway valuation
$925M
Undisclosed stage · Dec 2024
Last Hostaway funding round
$365M
Undisclosed stage · Dec 2024
Hostaway revenue
$10M
Undisclosed stage · Dec 2024
Key investors in Hostaway
PSG Equity
General Atlantic
Business Finland
Vendep Capital
Lasse Järvinen
Mikko Nurminen
About Hostaway
Hostaway is a vacation rental management software company headquartered in Helsinki, Finland. It provides a unified dashboard for channel managers integrating with Airbnb, Vrbo, and Booking.com, plus tools for dynamic pricing, automated messaging, and multi-calendar syncing. Used by over 20,000 property managers worldwide, the platform automates operations for portfolios up to thousands of listings.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$10M (Dec 2024)
Valuation
$925M (Dec 2024)
Hostaway Valuation
Hostaway is currently valued at $925M, based on its undisclosed-stage round in December 2024.
The $365M round was led by General Atlantic, with participation from PSG Equity.
Hostaway valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2024 | Undisclosed stage | $925M | 92.5x |
Hostaway Revenue
Hostaway's latest recorded revenue is $10M, as of its undisclosed-stage round in December 2024. At a $925M valuation, that implies a 92.5x revenue multiple.
Hostaway revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2024 | $10M | $925M | 92.5x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Hostaway Funding History
Hostaway has raised a total of $543M across 5 funding rounds.
Hostaway's first fundraising round was a $400K pre-seed round in June 2016. The most recent completed round was a $365M undisclosed-stage round in December 2024.
Hostaway funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2024 | Undisclosed stage | General Atlantic (lead); PSG Equity | $365M | $925M | Hostaway, a leading all-in-one vacation rental software and management system founded in 2015 by Marcus Räder, Saber Kordestanchi, and Mikko Nurminen, secured a $365 million strategic growth investment on December 17, 2024, led by General Atlantic with participation from existing investor PSG Equity. The company, headquartered in Toronto with a fully remote workforce of over 230 employees across 44 countries, enables short-term rental owners and managers to automate property management through a platform with hundreds of API connections and integrations, serving properties in over 90 countries. Hostaway holds the highest partnership designations from Airbnb, VRBO, and Booking.com, and has preferred relationships with Google, Expedia, and Homes & Villas by Marriott. The transaction, valued at $925 million, marks the largest to date in its market segment, with General Atlantic and PSG Equity becoming significant minority shareholders. The investment follows Hostaway's significant growth period, bolstered by PSG Equity's backing since 2023, and will fund international expansion into markets like France, Spain, and Italy, product development, and AI initiatives. Recent launches include Dynamic Pricing for revenue maximization, Hostaway Capital for flexible loans, Hostaway Insurance for property damage coverage, Smart Lock integration, and AI tools for guest messaging, content creation, language translation, and direct booking website optimization for AI search. Hostaway was the first property management software to integrate with ChatGPT. Advisors included William Blair and Cambon Partners for Hostaway, Avance for the founders, and Paul, Weiss for General Atlantic. The round underscores strong momentum in the vacation rental sector amid travel recovery, positioning Hostaway to scale further in vertical software for property management. |
| May 2023 | Undisclosed stage | PSG Equity (lead) | $175M | - | Hostaway is a leading property management software platform for short-term rentals, offering an all-in-one system that automates marketing, communication, analytics, payments, and distribution channels for vacation rental property owners and managers. Founded in 2015 by Marcus Rader, Saber Kordestanchi, and Mikko Nurminen, the company raised $175 million USD (C$237.7 million) in growth equity financing from PSG Equity in May 2023, described as the largest funding round in the vacation rental sector at the time. PSG was the sole investor, with proceeds intended to fuel product enhancements, headcount growth, and capitalizing on the travel rebound; sources indicate PSG acquired a majority ownership stake, though Hostaway did not confirm details like primary vs. secondary capital. The investment highlighted Hostaway's incredible growth and profitability, with the company claiming revenues increased more than ten times since 2021. PSG praised Hostaway as a category leader with strong execution and multiple value creation levers, positioning it to scale its integrated platform, expand globally, and meet rising short-term rental demand. Hostaway had previously raised $1.9 million in seed funding in 2018 from Vendep Capital and a $75,000 grant in 2016. In a follow-on development, Hostaway raised $365 million in December 2024 led by General Atlantic with PSG participation, at a post-money valuation of $925 million, marking one of the largest transactions in STR technology. PSG noted Hostaway had grown three-fold since the 2023 investment, emphasizing its expertise and customer demand. Funds supported international expansion (e.g., France, Spain, Italy), product development, AI initiatives, and further growth, with both investors becoming significant minority shareholders post-round. |
| Nov 2018 | Seed | Vendep Capital (lead); Business Finland | $2M | - | - |
| Feb 2018 | Seed | Lauri Sommarberg; Mikko Nurminen; Lasse Järvinen | $900K | - | - |
| Jun 2016 | Pre-seed | - | $400K | - | - |
Who has invested in Hostaway?
7 investors have backed Hostaway across its funding rounds, including PSG Equity, General Atlantic, Business Finland, Vendep Capital, Lasse Järvinen and Mikko Nurminen.
Lead investors include General Atlantic, PSG Equity and Vendep Capital.
Hostaway Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | May 2023 | ||
| 1 | Participant | Feb 2018 | ||
| 1 | Participant | Feb 2018 | ||
| 1 | Lead | Dec 2024 | ||
| 1 | Participant | Feb 2018 | ||
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Start Free TrialHostaway Competitors
Hostaway competitors include listed companies like EverCommerce and Sabre, and private ones like Guesty, Mews, H2O Hospitality and DiBooq.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $900M | 9.0x | ||
| Publicly listed | $589M | $128M | $1.4B | 2.9x | ||
| Private | $100M | - | $2.5B | 25.0x | ||
| Private | - | - | $60M | - | ||
| Private | - | - | $52M | - | ||
| Publicly listed | $2.8B | $315M | $934M | 1.6x |
Hostaway Public Comps
Hostaway is still privately-owned, but its public comps include Sabre, LES Info, Tsuburaya Fields Holdings, Rategain Travel Technologies, SiteMinder, Rank Group, EverCommerce, Kambi Group, Gloo and Vista Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.8B | $315M | 1.7x | 1.6x | 14.6x | 8.2x | |||
| $190M | $10M | 4.1x | 3.8x | 76.1x | 47.7x | |||
| $1.1B | $126M | 0.9x | 0.8x | 7.8x | 7.0x | |||
| $190M | $34M | 6.0x | 4.5x | 33.5x | 22.4x | |||
| $189M | $17M | 2.9x | 2.7x | 31.1x | 22.9x | |||
| $1.1B | $156M | 0.7x | 0.7x | 4.8x | 4.1x | |||
| $589M | $128M | 3.0x | 2.9x | 13.7x | 9.5x | |||
| $187M | $55M | 2.5x | 2.3x | 8.4x | 7.1x | |||
This data is available for Pro users. Sign up to see all Hostaway competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Hostaway
| When was Hostaway founded? | Hostaway was founded in 2015. |
| Where is Hostaway headquartered? | Hostaway is headquartered in Toronto, Canada. |
| Is Hostaway publicly listed? | No, Hostaway is a private, VC-backed company. |
| What is Hostaway's valuation? | Hostaway was last valued at $925M in its undisclosed-stage round in December 2024. |
| How much funding has Hostaway raised? | Hostaway has raised $543M across 5 funding rounds. |
| What was Hostaway's last funding round? | Hostaway's last funding round was a $365M undisclosed-stage round in December 2024, led by General Atlantic. |
| Who are Hostaway's investors? | Hostaway's investors include PSG Equity, Lauri Sommarberg, Mikko Nurminen, General Atlantic, Lasse Järvinen, Vendep Capital and Business Finland. |
| What is Hostaway's revenue? | Hostaway's latest recorded revenue is $10M (December 2024). |
| What is Hostaway's revenue multiple? | Hostaway's latest valuation implies a 92.5x revenue multiple ($925M valuation on $10M of revenue). |
| Which companies are comparable to Hostaway? | Companies comparable to Hostaway include Guesty, EverCommerce, Mews, H2O Hospitality, DiBooq and Sabre. |
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