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.



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