Evolve Vacation Rental Network Raises $11 Million

Evolve Vacation Rental Network completed $11 million in financing. Four investors contributed to the round: T. Rowe Price, Annox Capital Management, Allen & Company, and Par Capital Management.

Evolve Vacation Rental Network aims to redefine vacation rental management by offering homeowners a better experience, lower fees, and unrivaled flexibility. Its marketing and booking platform allows users to outperform traditional property managers for a fraction of the cost, and its vetted network of on-the-ground partners are available to handle everything from housekeeping to maintenance.

In its announcement, the company said Evolve plans to use the funds to support the company’s expansion and continued development of its tech-enabled services platform.