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Industries
Consumer Software
Real Estate
Company Size
201-500
Company Stage
Series C
Total Funding
$120M
Headquarters
San Francisco, California
Founded
2016
Kasa Living offers a selection of apartments, hotels, and homes for short-term rental across various U.S. cities. The company focuses on providing flexible accommodation options for different types of travelers, including business professionals and families. Kasa's platform allows customers to browse and book curated properties that are managed by the company, ensuring a consistent quality of service. The properties are known for their cleanliness and convenience, which contributes to high guest satisfaction. Kasa's tech-enabled approach streamlines the booking process and enhances the overall guest experience, setting it apart from traditional hospitality providers. The main goal of Kasa Living is to deliver high-quality, flexible lodging solutions while generating revenue through rental fees.
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Total Funding
$120M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Remote Work Options
Kasa Travel Credit
Stock Options
Unlimited Paid Time Off
Cell phone reimbursement
401(k) Company Match
Health Coverage
Home Office Stipend
In October 2023, Kasa Living launched the 12-storey Kasa Sunset Los Angeles, after completing renovation and rebranding.
The 34-room hotel, including two multiple-bedroom suites, provides an array of room options to suit a variety of travelers, from king and queen rooms to double queen configurations. Select rooms feature kitchenettes or wet bars, and several units can be adjoined to accommodate larger parties. With sweeping views of Lake Anna from the common areas, guests can immerse themselves in the serene beauty of the lake while enjoying a tech-enhanced seamless guest experience with tech-enabled amenities at their fingertips. All of this, just mere steps away from a variety of engaging recreational activities.In addition to its upscale accommodations, the development of The Boardwalk Hotel included significant infrastructure improvements to support the long-term health of the surrounding community. Reef Capital Partners invested in upgrades to the property's private septic and drain fields, ensuring sustainability and environmental stewardship.To experience the best of Lake Anna, guests have access to a selection of lakefront leisure activities, with the option to rent pontoons, jet skis, kayaks, and paddleboards conveniently located right outside the hotel. Guests can also explore nearby dining and entertainment, including wineries, guided fishing excursions, and family-friendly outings during their stay
Flexible travel trends and the ongoing diversification of property uses are driving a convergence of hospitality and property management technologies. It represents the latest chapter in the blend between hotel and short-term rental technology services, but also represents a “battleground,” according to one investor, as property managers take a leaf out of the travel industry’s book to identify new revenue streams. On one side, the growing number of mixed-use properties creates gaps for a new breed of tech-enabled hospitality companies, in particular non-hotel brands, to enter new markets. They’re able to expand almost effortlessly into multifamily buildings, apartment blocks or even converted offices. On the other side, property owners eye lucrative synergies with the travel industry and opportunities to maximize value from tenants and residents. In the current commercial market, landlords are under pressure to deliver. “The value of real estate is the value of its cash flows, and those cash flows are driven by the utilization of the asset and the quality of experiences within the market,” said Jason Fudin, CEO and co-founder of flexible real estate platform Placemakr. “When you have a building that meets either multiple needs for a single customer, if a customer wants to co-work and stay, or live, or whatever else, that drives more revenue for you as the owner.”
AJU CONTINUUM Selects Kasa to Operate Former Ace Hotel, Driving Reimagined Guest Experience and Profitability Under "STILE" BrandLOS ANGELES, June 11, 2024 /PRNewswire/ -- AJU CONTINUUM, a global investment company specializing in real estate, branding, and technology, today announced its partnership with Kasa Living, Inc. ( www.kasa.com ) to manage and operate the historic property at 929 South Broadway in the heart of downtown Los Angeles. Formerly the Ace Hotel Downtown Los Angeles, the reimagined property has been relaunched as STILE Downtown Los Angeles by Kasa.Since assuming management in February, Kasa has driven significant improvements across key metrics, including guest review scores, revenue generation, and profit margins. By implementing its proprietary technology stack and centralized operations, Kasa has lowered operating expenses while maintaining high-quality guest experiences and honoring the property's storied legacy."Partnering with Kasa has introduced us to a modern, efficient approach to hotel management, seamlessly integrating with our lifestyle accommodations brand, STILE," said Jaisun Ihm, Chief Executive Officer at AJU CONTINUUM US. "Kasa's proven expertise in implementing modern hospitality practices has resulted in measurable improvements to our operations and profitability. Kasa has refined traditional hotel management, enhancing profitability while delivering the perfect balance of efficiency, guest experience, and brand DNA.""The neighborhood is continually evolving with a thriving art scene and cutting-edge business developments
TP-Link started off with Kasa and later launched Tapo.
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Industries
Consumer Software
Real Estate
Company Size
201-500
Company Stage
Series C
Total Funding
$120M
Headquarters
San Francisco, California
Founded
2016
Find jobs on Simplify and start your career today