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Vacation rental management company Vacasa has expanded its Series A financing of USD 35 million to USD 40 million, with an injection of equity investment from US insurer Assurant. The Portland, Ore.-based Vacasa claims to be the second-largest vacation rental business in the US. Its focus is on becoming a global standard for the full-service space, a market fragmented by lots of local players. It believes it can consolidate the local players into a global platform through its use of technology to super-charge the work of its employees. Its technology automates the management operations, such as by streamlining tickets for maintenance issues. This efficiency enables the company to break even with only about 25 homes in a market. |
