JERUSALEM, April 10 (Reuters) - Israeli property
management software provider Guesty said on Wednesday it raised
$130 million in a late stage funding round led by global
investment firm KKR.
Inovia Capital and existing investors Apax Funds, BDT & MSD
Partners, and Sixth Street, also joined the Series F round,
Guesty said. It last raised $170 million in August 2022.
Guesty, whose platform is aimed at the fast growing short
term rental and hospitality industry, said the new funding will
be used for its U.S. and global expansion.
Sources close to the startup said Guesty is now valued at
$900 million. Since its founding in 2013, it has raised $410 in
private funds and is now looking at an eventual public offering.
"We are setting our target for an IPO and we will progress
when the market conditions are right," said CEO Amiad Soto
without elaborating.
KKR's investment comes primarily through its Next Generation
Technology Growth Fund III, Guesty noted.