Kasa Living, Inc. Closes $70 Million Series C Funding Round Led By Citi Ventures

Oct 31, 2023•over 1 year ago

Amount Raised

$70 Million

Round Type

series c

New YorkHotelReal EstateHospitality

Investors

Hilton Hotels & ResortsWestin Hotels & ResortsKkr Real Estate Finance TrustJonathan LangerRibbit CapitalZigg CapitalRet VenturesFireside InvestmentsNew York Life VenturesFirst Mark CapitalCiti Ventures

Description

Kasa Living, Inc., the leading tech-powered hospitality brand, today announced the close of a $70 million Series C fundraise. Citi Ventures and FirstMark Capital led the all equity round with participation from new investors New York Life Ventures and Fireside Investments. All major existing investors including RET Ventures, Zigg Capital, and Ribbit Capital participated in the twice upsized and oversubscribed round.

Company Information

Company

Kasa

Location

New York, United States

About

Kasa Living, Inc. is a tech-powered, flexible accommodations brand and operator founded in San Francisco in 2016 by Roman Pedan. Kasa partners with real estate owners to transform investor-owned multifamily apartments, boutique hotels, and single-family homes into professionally managed accommodations. Leveraging advanced technology and deep industry experience with a team from Airbnb, KKR, and Apollo, Kasa delivers high-quality experiences to guests of all types. For more information, visit www.kasa.com. SOURCE Kasa Living

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VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Kasa Living, Inc. Closes $70 Million Series C Funding Round Led By Citi Ventures

Investors

Description

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