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Evolve Vacation Rental Network has taken another $11 million in funding, almost a year to the day since its previous investment round. The latest round was led, once again, by T Rowe Price and with the support of Annox Capital and Allen & Company.PAR Capital Ventures also participated in the round. T Rowe, Annox and Allen featured in a $5.5 million round secured in June 2016. Total funding to date now sits at $23 million. Evolve specialises in providing vacation rental management services including owner websites and marketing tools, booking platforms, customer services and guest communications. It also handles distribution into third party platforms such as TripAdvisor, HomeAway and VRBO. The US-based company has grown quickly since its formation in 2011 to have a portfolio of 4,000 properties under its wing. The company claims to be securing over $150 million in gross bookings for the owners on the roster of properties. Read original article |
