Kasa Living

Kasa Living

Tech-enabled short-term rental platform

About Kasa Living

Simplify's Rating
Why Kasa Living is rated
C+
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Consumer Software

Real Estate

Company Size

201-500

Company Stage

Series C

Total Funding

$120M

Headquarters

San Francisco, California

Founded

2016

Overview

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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Simplify's Take

What believers are saying

  • Kasa's $70M Series C funding supports expansion and technological advancements.
  • Partnership with AJU CONTINUUM improved guest reviews and profitability at STILE Los Angeles.
  • Kasa's expansion into mixed-use properties offers new revenue streams and market potential.

What critics are saying

  • Increased competition from non-hotel brands in the hospitality market.
  • Operational complexities in managing Florida homes with TPG partnership.
  • Security challenges with new payment technologies like Apple Pay and Google Pay.

What makes Kasa Living unique

  • Kasa integrates Apple Pay and Google Pay for seamless guest payment experiences.
  • Kasa's proprietary PMS, Kontrol, integrates directly with Airbnb for efficient property management.
  • Kasa's tech-enabled management enhances property value, as seen with the STILE brand.

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Funding

Total Funding

$120M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$70M
Kasa Living
$100M
Oura

Benefits

Remote Work Options

Kasa Travel Credit

Stock Options

Unlimited Paid Time Off

Cell phone reimbursement

401(k) Company Match

Health Coverage

Home Office Stipend

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

-1%

2 year growth

-1%
Hotel Management Network
Feb 19th, 2025
Kasa expands presence in Florida with Meridian Miami Beach

In October 2023, Kasa Living launched the 12-storey Kasa Sunset Los Angeles, after completing renovation and rebranding.

PR Newswire
Oct 31st, 2024
The Boardwalk Hotel On Lake Anna By Kasa Celebrates Grand Opening, Introducing A New Era Of Lakefront Hospitality

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

PhocusWire
Oct 8th, 2024
Flexible Living Drives Hospitality And Residential Technology Convergence

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.”

PR Newswire
Jun 11th, 2024
Owners Of Los Angeles' Former Ace Hotel Partner With Kasa To Launch A New Brand Delivering Modern Hospitality At The Downtown Landmark

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

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