// Workers AI · dad joke modeWhat did Hostaway say to the guest? You're staying away.
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| Type | Private |
|---|---|
| Industry | Software development |
| Founded | 2015 |
| Founder | Marcus Räder, Saber Kordestanchi, and Mikko Nurminen |
| Headquarters | Helsinki, Finland |
Key people | Marcus Räder (CEO) |
| Products | Property management software, channel manager |
| Website | hostaway |
Hostaway is a Finnish (software-as-a-service) company that develops property management and channel management software for short-term rental operators.[1] The company is registered in Helsinki and operates as a remote organization. In October 2025, Hostaway reached unicorn status.[2]
History
[edit]Hostaway was founded in 2015[3] in Helsinki by Marcus Räder, Saber Kordestanchi and Mikko Nurminen. [3][4][2][5] Räder, a Finnish-Swede, serves as chief executive officer.[1]
In February 2018, the company raised €700,000, bringing total capital raised to €1.16 million.[6] By the end of 2022, annual revenue had reached €7 million, and the company employed around 100 people, with five based in Finland.
In May 2023, Hostaway raised $175 million in funding, led by PSG Equity.[3] In December 2024, the company raised a further $365 million[7][2] led by General Atlantic, with continued participation from PSG Equity, at a valuation of $925 million.[1][8][3][4] The Finnish public broadcaster Yle described the round as the third-largest funding round in Finnish history for a growth-stage company. The company's 2024 revenue was €40.3 million, more than double the previous year.
In October 2025, Hostaway reached a $1 billion valuation, making it the first short-term rental property management software company to reach unicorn status.[2][5]
Operations and products
[edit]Hostaway's software is used by professional short-term rental operators to distribute property listings across major online booking sites and manage day-to-day rental operations. Customers access third-party tools through a partner marketplace.[3][4]
The company operates without physical offices. As of 2024, it employed roughly 240 people across 40 countries.[1] [3] By late 2025, it served customers in more than 90 countries.
References
[edit]- 1 2 3 4 "Företag med finlandssvensk grundare får jättefinansiering på över 340 miljoner". Svenska Yle (in Swedish). 2024-12-17. Retrieved 2026-07-20.
- 1 2 3 4 "Helsinki's Hostaway becomes the world's first short-term rental unicorn - Silicon Canals". 2025-10-22. Retrieved 2026-07-20.
- 1 2 3 4 5 Lunden, Ingrid (2023-05-31). "Hostaway unlocks $175M to expand its vacation rental management platform". TechCrunch. Retrieved 2026-07-20.
- 1 2 3 Lunden, Ingrid (2024-12-17). "Travel is back: Hostaway raises $365M at $925M valuation". TechCrunch. Retrieved 2026-07-20.
- 1 2 Ltd, Travel Weekly Group (2025-10-23). "Hostaway secures world-first status". Travolution. Retrieved 2026-07-20.
- ↑ Hakola, Elina (2018-02-21). "Suomalainen startup tuo majoitusvuokraajille keskitetyn markkinointialustan – Sääntely ajaa harrastelijat pois vuokrausmarkkinoilta". Talouselämä (in Finnish). Retrieved 2026-07-20.
- ↑ "Hostaway raises $365M for AI, product development and expansion". www.phocuswire.com. Retrieved 2026-07-20.
- ↑ Niskanen, Saara (2024-12-17). "Suomalaisyritys arvioitiin jo liki miljardin dollarin arvoiseksi – Työntekijät tekevät pelkästään etätöitä". Talouselämä (in Finnish). Retrieved 2026-07-20.