PriceLabs Receives $30M Investment from Summit Partners







PriceLabs$30M in funding was raised for a Chicago, IL-based company that provides dynamic pricing and revenue management services to the short-term rental sector.

Summit Partners made the investment. Colin Mistele is the Managing Director of Summit Partners and has joined PriceLabs Board of Directors.

The company plans to use the funds to keep its commitment to revenue management solutions and to accelerate global team growth. 

PriceLabs, headed by Richie Khandelwal (anurag verma) and Sanahassan, provides dynamic pricing solutions and revenue management solutions to the short-term rental sector. The company’s automated dynamic pricing solution is designed to continuously analyze historical and forward-looking hyper-local data to sense changes in demand and recommend optimal daily pricing tailored to each property’s unique characteristics. The software provides users with data and tools to monitor and research local market conditions and adjust prices to suit the needs of the property and operations. Prices update automatically through direct integrations with over 70 property management software solutions, helping property owners efficiently manage their operations and maximize the profitability of their listings. 

PriceLabs currently powers over 150,000 listings across more than 100 countries.

FinSMEs

28/07/2022






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