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Industry News for Vacation Rental Managers

AvantStay Raises $5 Million Series A

AvantStay Raises $5 Million Series A
mm
Alexa Nota
December 20, 2018

Property management company AvantStay announced yesterday it has raised $5 million in a Series A funding round led by Bullpen Capital, bringing their total funding to $6 million. AvantStay manages 60 short-term rentals that cater to groups, particularly Millennials, and specializes in offering local experiences with each stay. The company is currently operating in the Coachella Valley, Paso Robles, Scottsdale, Temecula, San Diego, and Tahoe markets.

Founded in 2016, AvantStay manages operations from its offices in San Francisco and Los Angeles through tech automation to communicate with guests, manage maintenance and cleaning, and provide customer service. The company also works closely with Airbnb on technology initiatives, policy updates, and market demands.

The latest funding will help AvantStay further invest in its operational technology infrastructure, expand to new markets, and grow its inventory to more than 200 homes by the end of 2019.

“For 2019, our focus is on beach towns, deserts oases, mountain areas, and national parks on the west coast,” said Reuben Doetsch, co-founder of AvantStay. “We’re looking for truly experiential locations with unique properties for groups that want to get away and enjoy time together.” On the technology side, the company is working on improving its operational technology to manage hundreds of properties across multiple regions, as well as enhancing the group-focused customer experience, Doetsch said.

Other investors in the round include F-Prime Capital, Zeno Ventures, and Convivialité Ventures, with continued participation from existing investors Abstract Ventures and Presidio Bay Ventures.

Related Itemsabstract venturesairbnbarizonaavantstaybullpen capitalcaliforniacoachella valleyConvivialité VenturesF-Prime CapitalFeaturedlos angelesPaso Roblespresidio bay venturessan diegosan franciscoScottsdaleTahoeTemeculavacation rental technologyZeno Ventures
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Industry News for Vacation Rental Managers
December 20, 2018
mm
Alexa Nota

Alexa Nota comes from a 10-year marketing and journalism background in travel, including three years as a vacation rental marketing manager in NC’s Outer Banks. She is also the co-founder and editor of a travel wellness magazine and the marketing consultant and founder of Canary Design. She currently calls Chapel Hill, NC home.

Related Itemsabstract venturesairbnbarizonaavantstaybullpen capitalcaliforniacoachella valleyConvivialité VenturesF-Prime CapitalFeaturedlos angelesPaso Roblespresidio bay venturessan diegosan franciscoScottsdaleTahoeTemeculavacation rental technologyZeno Ventures

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