Silver Lake led a $319m round for the Assurant-backed holiday home rental platform at a valuation exceeding $1bn, with the cash to go to expanding its property services.
Vacasa, the US-based holiday accommodation provider backed by insurance firm Assurant, secured $319m today in a funding round led by technology investment firm Silver Lake.
The round valued the company at more than $1bn according to Skift and included private equity firm Riverwood Capital, growth equity firm Level Equity and investment firm NewSpring.
Vacasa’s online platform lists more than 23,000 managed properties around the world that can be booked for short-term holiday accommodation.
Homeowners can generate revenue through otherwise underused…
