Tel Aviv - based start - up Guesty has secured $ 100 m in a Series A funding round led by Buran Capital with participation from Magma Venture Partners and AltaIR Capital . Companies like Guesty, which just raised $3 million, are building tech to help property managers optimize their listings. Guesty , a 2014 Y Combinator graduate that became profitable in 2016 , takes on the daily tasks of managing the portfolios of short - term property rental managers . The company said the funds will be used to hire more staff , including an " executive layer " of engineering , marketing , finance and customer service managers , and to continue growth . The global short - term rentals market is estimated to be worth $ 194bn by 2021 .
Tel Aviv - based start - up Guesty has secured $ 100 m in a Series A funding round led by Buran Capital with participation from Magma Venture Partners and AltaIR Capital . Guesty , a 2014 Y Combinator graduate that became profitable in 2016 , takes on the daily tasks of managing the portfolios of short - term property rental managers . The company said the funds will be used to hire more staff , including an " executive layer " of engineering , marketing , finance and customer service managers , and to continue growth . The global short - term rentals market is estimated to be worth $ 194bn by 2021 .