Next-generation vacation rental management company Evolve Vacation Rental Network acquired the technology and intellectual property assets of Everbooked, Inc., a dynamic pricing platform for the short-term rental category.
Founded in 2011, Evolve has a portfolio of 9,000 properties and has secured $350 million in rental income for its owners. The company manages all aspects of marketing and booking vacation rental properties while providing homeowners with on-the-ground service options, including access to a vetted network of local partners. The Everbooked purchase will allow Evolve to establish dynamic nightly rates designed to maximize rental income for homeowners.
The Everbooked acquisition is the latest milestone for Evolve. In August, the company announced an $80 million capital raise, bringing its total funding to $103 million.