StayTerra, a premier vacation rental management platform, announced a strategic growth investment from Bessemer Venture Partners. This new funding round sees Bessemer joining existing investor Garnett Station Partners. The investment aims to accelerate value creation across the vacation rental market.
StayTerra operates a platform of premier vacation rental management brands. These brands blend exceptional service with world-class property management for owners. They also provide seamless, elevated experiences for guests in sought-after vacation markets. The platform includes Moving Mountains, a luxury property management company in the Colorado Rockies, and Prime Vacations, managing over 1,000 properties along Florida's gulf coastline.
Bessemer's preeminent technology expertise and deep understanding of the vacation rental space will enhance operations across the StayTerra platform. This partnership complements Garnett Station's proven platform building and operational expertise. The collaboration positions StayTerra to add more premium brands to its portfolio. This strategic move aligns with the company's long-term scaling strategy.
The highly fragmented vacation rental industry presents significant opportunities for growth. Many property management solutions, such as Guesty and Hostaway, also compete in this dynamic sector. StayTerra plans to tap into potential AI enhancements and data and technology investments. These efforts will drive organic growth opportunities and elevate homeowner and customer service.
