The company also plans to expand its presence in Europe, starting with their office in Portugal. The company, which last raised post-seed funding in 2016, plans to use the infusion of capital to maintain their leadership in the space and develop an expanded suite of products to further support their core customer base. This funding will allow us to deepen our relationship with our customers, and offer new tools to help them maintain and grow their businesses."īeyond Pricing currently dynamically prices 150,000+ listings in more than 7,000 cities worldwide, and has priced more than $2 billion in bookings. "Our mission is to put the power back in the hands of these customers and help them maximize both revenue and occupancy while maintaining a competitive edge as this industry continues to mature. We were the first company to create software specifically designed for the needs of these customers, giving them access to industry-leading technology for the first time," said Beyond Pricing co-founder & CEO Ian McHenry. "Our customers make up the majority of the short term rental industry, but don't have the resources to invest in their own software, and have traditionally relied on analog ways of pricing their properties. Using Beyond Pricing, these customers are able to competitively price their properties, regardless of the platform they list on, and see up to a 40% increase in revenue. ![]() While these customers manage a majority of the short term rentals on the market, they are underserved by the growing proptech industry, and are increasingly fighting off competition in the form of VC-backed vacation rental platforms and hospitality conglomerates that are entering the fast-growing space.īeyond Pricing gives these customers access to tools previously only available to large hospitality companies, and leverages over 10 billion proprietary data points to make the most accurate pricing recommendations in the industry. ![]() 26, 2019 /PRNewswire-PRWeb/ - Today Beyond Pricing, the leading dynamic pricing solution for the fast-growing short term rental industry, announced it had raised $42.5 million in Series A funding led by Bessemer Venture Partners.īeyond Pricing's automated dynamic pricing software - the first of its kind in the industry - was created to empower independent property owners, managers and developers.
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