#PropTech / Kasa Living, Inc. Raises $50 Million in Funding to Accelerate Growth of Accommodations Brand

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.

[Founder & CEO:] “We see a generational opportunity to innovate in a beleaguered travel sector. Kasa aspires to build a global accommodations brand beloved by guests, indispensable to property partners, and desired by neighbors…”

Over the past nine months, Kasa has grown rapidly… Kasa has maintained occupancy rates of approximately 75 percent (more than double the hospitality industry average), expanded units under management by 50 percent, and launched in five new cities…

https://www.businesswire.com/news/home/20201013005729/en/Kasa-Living-Inc.-Raises-50-Million-in-Funding-to-Accelerate-Growth-of-Accommodations-Brand