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Vacasa raises $319M, creating a Portland unicorn as it pushes global growth

October 29,2019 | By Malia Spencer | Portland Business Journal

Vacation rental management company Vacasa raised $319 million from investors in a funding round size not typically seen in the Pacific Northwest, let alone Oregon. It also creates the region's second unicorn company, or a private company valued at more than $1 billion.

The Portland-based company announced the round one year after it raised $64 million from existing investors. This latest haul was led by private equity firm Silver Lake.

Existing investors Riverwood Capital, Level Equity and NewSpring also participated.

“The opportunity that lies ahead of us is enormous, both on the property management and real estate side of the business,” said CEO Eric Breon in a written statement. “We’re seeing an increased number of buyers looking to purchase vacation homes as an investment, with the intent to rent the property.”

Read the full story here.

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