US website Vacasa, which lists over 4,700 holiday homes across the US and South America, has received additional series A funding that will help it to accelerate growth both domestically and abroad.
The Portland-based property management company, that specialises in holiday rental listings, acquired an additional $5 million in series A funding from leading risk management provider Assurant, bumping up its funding to $40m.
Vacasa CEO Eric Breon said the extra funding from Assurant will ensure the company keeps growing.
“Vacasa will continue expansion in current and new markets both domestically and abroad," Breon said.
“Our goal is to be ubiquitous – offering homeowners around the world hassle-free vacation home management while providing guests with consistently unforgettable experiences.”
Jeff Flynn, director of growth investing at Assurant, said he was confident in his company's investment towards further growing the Vacasa brand.
“Our strategic growth investment in Vacasa is a testament to our belief in the attractiveness of the large and rapidly growing vacation rental market, as well as our confidence in the Vacasa team to continue to execute on its vision,” says Jeff Flynn, director of growth investing at Assurant."