Kasa Living Lands $50M

The capital includes $30 million in new Series B funding led by Ribbit Capital and $20 million in Series A funding led by FirstMark Capital less than a year ago. Participating investors also include RET Ventures, Zigg Capital, Allegion Ventures, and BoxGroup.

Kasa is leading a new wave of innovation in the hospitality industry, leveraging its proprietary technology and institutional expertise to transform vacant and underutilized real estate into high-quality, trustworthy accommodations for travelers. To date, the company has entered into management agreements with multifamily and hotel property owners in 35 markets across 15 states, enabling its partners to unlock new streams of income and realize the full potential of their buildings.

Kasa Living is a real estate technology company that is building a global accommodations brand. The company partners with owners of multifamily and boutique hospitality properties, transforming vacant and underutilized real estate into stylishly-furnished, professionally managed units that cater to business and leisure travelers seeking trustworthy and comfortable accommodations. Kasa was founded in 2016 by a team that includes technology and real estate professionals who previously drove growth at firms, including Airbnb, KKR, and Apollo. The company is headquartered in San Francisco. For more information, visit http://www.kasa.com.