Vacasa raises $64M to boost domestic and international expansion
According to Vacasa CEO and founder Eric Breon, Vacasa has consistently grown 60% year-over-year, but is still only 2% of the market.
U.S.-based vacation rental management company Vacasa has closed $64 million in new funding from existing investor Riverwood Capital, with participation from other current investors Level Equity, NewSpring and Assurant Growth Investing.
Vacasa says the funding was initiated by its investors and not part of a proactive effort to seek new capital.
“Vacasa has exceeded every key business metric since our first investment just over a year ago. Unit economics, customer retention, geographic footprint, homeowner and guest satisfaction, and both organic and acquisitive growth are on an accelerated trajectory.”
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