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 .
Tel Aviv-based start-up Guesty has secured $3m in a series A funding round led by Buran VC 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 success managers, and to continue growing. The global short-term rentals market is estimated to be worth $194bn by 2021.