The investment represents the third-largest financing round of a Finnish company to date. General Atlantic is leading the round, and previous backer PSG Equity is also participating. The investment will enable Hostaway to further accelerate its growth, expand into new markets and invest in the opportunities offered by AI in product development.

Hostaway is the first property management and channel management software company to reach the highest level of partnership from all three leading online travel agencies: Airbnb, VRBO and Booking.com, as well as being a preferred partner for Google, Expedia, Homes & Villas by Marriot. Hostaway has the largest marketplace on the market, with over 200 partners providing its services. Hostaway’s more than 230 employees work fully remote across 44 countries and the company has no offices.

General Atlantic is a leading global growth investor with more than four decades of experience providing capital and strategic support for over 520 growth companies throughout its history. Established in 1980, General Atlantic continues to be the dedicated partner to visionary founders and investors seeking to build dynamic businesses and create long-term value. General Atlantic manages approximately $100 billion in assets under management, inclusive of all strategies, as of October 1, 2024 (based on valuations as of June 30, 2024), with more than 900 professionals in 20 countries across five regions.

Our core M&A team consisted of Partners Jasper Kuhlefelt and Mikko Eerola and Associate Annika Gustafsson who were assisted by Senior Associate Oskari Paasikivi and Associates Theo Pynttäri, Iida Ollinpoika, Nora Liimatainen, Petro Vornanen and Kristiina Paavilainen. Partner Kai Holkeri and Senior Associate Oscar Wik advised on tax matters and Partner Hanna-Mari Manninen and Associate Kateryna Shapran advised on ABC, AML and sanctions matters.