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. The company is developing a platform that allows users to book rooms for up to three people at the touch of a button. The company is using the money to continue scaling and to bring in an executive layer of engineering, marketing, finance and customer success VPs. 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.
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. The company is developing a platform that allows users to book rooms for up to three people at the touch of a button. 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.