Vacation Rental Company Vacasa Closes $103.5 Million

Vacasa announced it has raised $103.5 million in Series B financing led by Riverwood Capital, with participation from Level Equity, Assurant, and NewSpring Capital.

Founded in 2009 and based in Portland, Oregon, Vacasa is one of the largest U.S. full-service vacation rental companies, managing a growing portfolio of more than 6,000 vacation homes across 17 U.S. States and 11 international countries. To help travelers have a better vacation experience, Vacasa hires local talent and works with area organizations to promote tourism and economic growth in communities.

With this new round of funding, Vacasa remains focused on becoming the largest U.S. vacation rental management company, expanding its portfolio into new destinations.