Vacasa

Vacasa
Private
Industry Travel (Lodging)
Founded Portland (2009 (2009)) by Eric Breon[1]
Headquarters Portland, Oregon, U.S.
Key people
Eric Breon, CEO
Scott Breon, CRO
Cliff Johnson, CDO
Ryan Vestal, CFO[2]
Products Vacation rentals, property management, lodging, vacation properties, guest house
Revenue IncreaseUS$23 million (FY 2014)
(Estimate)[3]
Number of employees
1000[4]
Website www.vacasa.com

Vacasa is a tech-enabled vacation rental property management company based in Portland, Oregon. It provides property management services for over 4,200 vacation rentals [5][6] in the United States, Europe, Central and Latin America.[7][8] In the United States, Vacasa manages properties in fifteen states: Oregon, Washington, California, Idaho, Colorado, Utah, Vermont, Texas, Maine, Florida, Georgia, Maryland, Massachusetts, Montana, and Hawaii.[9]

The company has been recognized for its advanced rate algorithms,[10][11] and unconventional personnel selection. Its chief strategy officer once asked a round of marketing applicants to design sales flyers, rather than résumés, detailing why they would be the best candidates for the job.[12]

Eric Breon is Vacasa's founder and CEO and Cliff Johnson is the company's co-founder and Chief Development Officer.[8][13]

Recognition

In June 2014, Vacasa topped the list of Fastest-Growing Private 100 companies by the Portland Business Journal with an established three-year growth rate of 3,034.59%.[14] In August 2014, it was named the #9 fastest-growing privately held company in the nation by Inc. Magazine in its annual Inc. 5000 list with an updated 3-year growth rate of 16,192%.[15] On November 16, 2016 Vacasa was ranked number 67 out of 500 on the 2016 Technology Fast 500 by Deloitte which recognizes the fastest growing technology companies in North America.[16]

Funding

On April 12, 2016, Vacasa announced securing $35 million in financing led by Series A investor Level Equity.[7][8][17] On November 14, 2016 Vacasa announced extending the Series A round to $40 million following a $5 million investment from risk management provider Assurant.[5] This is the first round of outside capital the company accepted as it was bootstrapped since its founding in 2009.[7][13]

References

  1. "Vacasa Company Overview". CrunchBase. Retrieved 31 July 2014.
  2. https://www.vacasa.com/leadership/
  3. Law, Steve (31 July 2014). "Vacasa miffed at lodging rules". Portland Tribune. Retrieved 31 July 2014.
  4. "Vacasa, Portland vacation rental management company, raises $35 million". OregonLive. Retrieved 3 June 2016.
  5. 1 2 "Vacation Rental Startup Vacasa Clinches Funding | PYMNTS.com". www.pymnts.com. Retrieved 2016-11-28.
  6. "Vacasa, Nation's Second Largest Vacation Rental Company, Expands Series A to $40M". VentureBeat. Retrieved 2016-11-28.
  7. 1 2 3 Soper, Taylor (2016-04-12). "Vacasa raises $35M, aims to be Amazon of vacation rental industry". GeekWire. Retrieved 2016-06-01.
  8. 1 2 3 Rogers, Bruce. "Eric Breon Builds Vacasa Vacation Rental Service Into High Growth Business". Forbes. Retrieved 2016-06-01.
  9. "About Us". Vacasa. Retrieved 31 July 2014.
  10. Dahl, Darren. "Eyes on the Price: How More Companies are Breaking the Pricing Mold". American Exress. Retrieved 18 September 2014.
  11. Clarke, Dave. "Rain or Shine: Using Weather Data to Drive Business Decisions". Intuit QuickBooks. Retrieved 18 September 2014.
  12. Rosenberg, Joyce M. (5 May 2014). "Applicants, Bosses Both Blamed As Jobs Go Unfulfilled". Associated Press. Retrieved 25 May 2014.
  13. 1 2 "Bootstrapping to $100 Million: Vacasa Co-Founder Cliff Johnson (Part 1)". Sramana Mitra. 2015-07-11. Retrieved 2016-06-01.
  14. Walker, Alyssa (20 Aug 2014). "PBJ100: See where the fastest-growing companies of 2014 rank". Inc. Retrieved 21 Aug 2014.
  15. "Inc. 5000 2014: The Fastest-Growing Private U.S. Companies, At a Glance". Portland Business Journal. 12 June 2014. Retrieved 17 June 2014.
  16. Spencer, Malia. "See which Portland area tech firms landed on Deloitte 500 2016 - Portland Business Journal". Portland Business Journal. Retrieved 2016-11-28.
  17. Kreutzer, Laura. "The Morning Leverage: Aquiline, Genstar Sell AssetMark to China's Huatai Securities". WSJ. Retrieved 2016-06-01.



This article is issued from Wikipedia - version of the 12/4/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.