Funding round
Hostaway Growth
Reported as "Growth Equity"
Hostaway, which works in vacation rental management solutions in Toronto, raised $175M in a Growth round announced on 1 Jun 2023, led by PSG. 1 firm took part. It is Hostaway's second venture round on record; the one before was a Seed in Dec 2018.
$175M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Hostaway did not disclose a valuation in this round. It came 54 months after Hostaway's Seed. It is 32% of the $541M Hostaway has raised in the venture rounds on record. Hostaway raised again 18 months later: a Growth round of $365M in Dec 2024, at $925M post-money.
Hostaway's funding rounds
Hostaway has 3 venture rounds on record and 2 other deals. This one is highlighted.
Investors
Who put money in
PSG led the round.
Lead investor
- backs 53 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
347 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 3.7 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 13 Jun 2023 | $300M | $1.00B | Goldman Sachs Asset Management |
| Tech Companies | 8 Jun 2023 | $190M | not disclosed | Bain Capital Tech Opportunities |
| Tech Companies | 1 Jun 2023 | $141M | not disclosed | not named |
| Tech Companies | 6 Jun 2023 | $93M | not disclosed | La Caisse |
| Tech Companies | 1 Jun 2023 | $90M | $540M | not named |
| Synthesia Tech Companies | 1 Jun 2023 | $90M | $1.00B | not named |
| Tech Companies | 27 Jun 2023 | $60M | not disclosed | DST Global and Radical Ventures |
| Tech Companies | 29 Jun 2023 | $51M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Hostaway raise in its Growth round?
Hostaway raised $175M in its Growth round, announced in Jun 2023.
Who led Hostaway's Growth round?
PSG led it.
What was Hostaway's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
347 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 3.7 times the median.
Did Hostaway raise again after this round?
Yes: a Growth round in Dec 2024 of $365M at $925M post-money.