The firm also indicated its industry appears to be recovering from the lows of the coronavirus pandemic.

Fast-growing vacation rental company Vacasa announced Tuesday that it has just raked in $108 million in new funding.

The money is part of a Series D round led by venture capital firm Silver Lake, and with participation from Riverwood Capital and Level Equity. In a statement, Vacasa CEO Matt Roberts said that his company has “experienced challenges” during the ongoing coronavirus pandemic, but that the firm is also “incredibly fortunate for the continued support of our investors.”

Matt Roberts

“As we begin to emerge from this global crisis with an infusion of capital, we are in a very strong financial position to capture consumer demand,” Roberts added. “We believe there will be a preference shift from hotels to professionally managed vacation rentals as privacy and cleanliness rise to be top priorities for travelers.”

This latest funding round continues Vacasa’s streak of attracting high-dollar investments. In October, for example, the company revealed that it had raised $319 million, which it planned to use for expansion and technology improvements. The company also said that the October funding round sent its overall valuation above $1 billion.

Vacasa has also recently made headlines for new executive hires and major acquisitions.

Still, the current moment is a challenging one for any company in the travel industry. Vacasa has a few different revenue streams, but its primary service is managing and marketing rental properties in vacation-oriented locations on behalf of those properties’ owners. The company also manages entire communities, though they too are located in vacation destinations.

But during the coronavirus pandemic travel has largely ground to a standstill, meaning that companies from airlines to hotels to rental managers have all seen their revenue fall.

However, in its statement Tuesday, Vacasa indicated the industry may be turning a corner. Reservations in May, for instance, were six times higher than they were in April, “indicating an increased interest in leisure travel,” the company’s statement argues.

The firm’s booking window is also returning to normal and bookings are now taking place in 723 U.S. cities — up from only 357 during the height of the crisis.

Joerg Adams

It’s perhaps no surprise, then, that in a statement Silver Lake managing director Joerg Adams expressed excitement about working with Vacasa.

“We believe in the team, the business model and the customers and communities Vacasa serves,” Adams said. “This investment enables Vacasa to continue to innovate and to maintain its strong growth trajectory.”

Email Jim Dalrymple II

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription