Funding round
Hostaway Growth
Reported as "Growth Equity"
Hostaway, which works in vacation rental management solutions in Toronto, raised $365M in a Growth round announced on 17 Dec 2024, led by General Atlantic, at a $925M post-money valuation. 2 firms took part, 1 of them already investors. It is Hostaway's third venture round on record; the one before was a Growth in Jun 2023.
$365M
Amount raised
$925M
Post-money valuation
$560M pre-money
2
Investors
1 lead
39%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Hostaway at $925M after the new money. The $365M bought investors about 39% of the company. It came 18 months after Hostaway's Growth. It is 67% of the $541M Hostaway has raised in the venture rounds on record. No later venture round is on record for Hostaway.
Hostaway's funding rounds
Hostaway has 3 venture rounds on record and 2 other deals. This one is highlighted.
Investors
Who put money in
General Atlantic led the round with 1 other firm. PSG had backed Hostaway before.
Lead investor
- General Atlantic backs 134 venture-backed companies new investor
Also in the round
- backs 53 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
410 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 7.3 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Veeam Tech Companies | 4 Dec 2024 | $2.00B | $15.00B | TPG |
| Tech Companies | 2 Dec 2024 | $160M | not disclosed | Light Street Capital and NewView Capital |
| Tech Companies | 19 Dec 2024 | $113M | not disclosed | KKR and Bessemer Venture Partners |
| Tech Companies | 16 Dec 2024 | $90M | not disclosed | Finnfund |
| Tech Companies | 11 Dec 2024 | $53M | not disclosed | Aldrich Capital Partners |
| Tech Companies | 11 Dec 2024 | $53M | not disclosed | Aldrich Capital Partners |
| Tech Companies | 16 Dec 2024 | $50M | not disclosed | One Peak and EIFO, the Export and Investment Fund of Denmark |
| Tech Companies | 19 Dec 2024 | $42M | not disclosed | Mercury Fund |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Hostaway raise in its Growth round?
Hostaway raised $365M in its Growth round, announced in Dec 2024.
Who led Hostaway's Growth round?
General Atlantic led it, with PSG.
What was Hostaway's valuation at the Growth round?
$925M post-money ($560M pre-money).
How does it compare with other Growth rounds in Tech Companies?
410 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 7.3 times the median.