US-based holiday accommodation rental platform Vacasa received $5m in funding from insurance provider Assurant yesterday to close its series A round at $40m.

Private equity firm Level Equity led the round, having invested $35m in April 2016. The remaining capital came from an undisclosed backer.

Founded in 2009, Vacasa operates a holiday home rental platform that handles the entire process from marketing to maintenance and housekeeping. It lists more than 4,100 properties across the US, Spain, Italy, Chile, Costa Rica…