PriceLabs raises $30 mn from Summit Partners, plans to accelerate hiring

PriceLabs was founded in 2014 to bring Artificial intelligence (AI) and analytical tools to owners and managers of vacation homes and short-term rentals

PriceLabs, a pricing and revenue management-solutions provider for the short-term rental industry said it has raised $30 million minority growth investment from Summit Partners. This funding will support the company’s commitment to building a leading revenue management-solutions and fuel global team growth. 

“Pricing can be the single-biggest growth lever when running any business, particularly in the hospitality space, where most businesses still use archaic methods and static pricing that can leave anywhere from 10 - 40 per cent of the revenue on the table,” said Richie Khandelwal, President and Co-founder, PriceLabs. “We purpose-built PriceLabs from the ground up to serve