We’re thrilled to share some exciting news that sets the stage for an exciting journey ahead. We have successfully concluded our first external capital growth round, securing $6 million in funding. This signifies a pivotal milestone for HostGPO and marks a significant leap forward in our mission to revolutionize the short-term rental industry. The round was led by Navitas Capital, a prominent venture capital firm focused on investing in transformative technology companies, and OMNIA Partners, the leading Group Purchasing Organization specializing in public and private sector procurement. Together, Navitas and OMNIA will help us accelerate our market position by bringing expertise across technology development, real estate marketplaces, procurement know-how, and supply relationships.
Also investing in the round is 75&Sunny, the venture firm founded by Spencer Rascoff, (Co-Founder of Zillow, Hotwire, dot. LA, Pacaso, and Recon Food), Brian Lee (Co-Founder of LegalZoom & The Honest Company), and PAR Capital Ventures
“What makes this funding round truly special is that our investors wholeheartedly align with our values and share our vision of helping hosts scale their businesses while elevating industry standards.”-Jeff Iloulian, Co-Founder and CEO
This infusion of capital will empower us to enhance and scale our existing offerings, enabling us to provide an even more robust and seamless experience and better serve our members and the vacation rental industry.
We sincerely thank our incredible members for making us who we are today.. We also want to shout out our brand partners, many of whom have been allies since the beginning. We’re thrilled to continue growing and building our community.
Stay tuned for what’s on the horizon. As always, we are committed to delivering unrivaled solutions that give our members the tools they need to succeed. Together, we are revolutionizing the vacation rental industry.