Kasa Living, A Short-Term Rental Startup, Raises $30 Million To Create A More Formal Airbnb

SourceForbes
SectorEconomy
CountryMiddle east

A Kasa rental in Austin, Texas. Kasa Kasa Living, a startup that offers short-term rentals inside hotels and multi-family properties, has raised $30 million in Series B funding to improve its software and streamline its operations, the company says. The fundraise adds to a previously unannounced $20 million Series A that it closed last year. Palo-Alto based Ribbit Capital led the latest round.  “What Kasa customers see is just the tip of the iceberg. The enormous operational complexity behind the scenes is tackled by Kasa’s technology platform,” said Nick Shalek, a general partner at Ribbit, in a statement. Kasa was founded in 2016 by Roman Pedan, an alum of KKR’s real estate group, while he was a student at Stanford business school. At the time, he says, Airbnb’s popularity was soaring, ...read more...